Markets are geared up for a bull-phase. Sensex can hit 51,800 levels

Nifty Bank is expected to rally over 5 per cent once 34,350 is conquered and held on a closing basis, technical charts suggest

Supported by the US Fed decision to keep policy loose and firm global markets cues, benchmark indices extended their bull run to fourth straight day on Thursday. 

Starting gap-up, frontline indices reclaimed major psychological marks in the early deals with the S&P BSE Sensex reclaiming the 50,000 mark. Profit booking, mainly in banking counters, saw the frontline index give up some of its gains as trading progressed.

That said, there are indications that the markets will continue their journey north, as long as global and domestic cues remain supportive. 

Here are the key levels one needs to watch out for in