Thekey Indian equity indices traded on a positive noted on Wednesday morning withthe BSE Sensex gaining over 350 points.
Healthybuying was seen in auto and banking stocks.
Around10.25 am., Sensex was trading at 49,300.42, higher by 356.28 points or 0.73 percent from its previous close of 48,944.14.
Itopened at 49,066.64 and has so far touched an intra-day high of 49,354.82points.
TheNifty50 on the National Stock Exchange was trading at 14,742.70, higher by89.65 points or 0.61 per cent from its previous close.
ManishHathiramani, technical analyst with Deen Dayal Investments said: "TheIndex has crossed its resistance patch of 14,500-14,700 and is trading above14,700 since the opening. If we can keep above this level on a closing basis aswell, we should be headed to 15,000-15,100 levels."
"Aclosing past 14,700 will signal a shift in the trend from sideways to bullishand thereafter dips or intra-day corrections can be utilised to buy into thismarket," he said.