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Morning Mantra ( --- 9.00 AM )

The markets continue to sizzle with no stopping. Bulls are back in full actions.
Fundamentally, there is no reason for any setback on the market except the fact that a sharp profit booking is long overdue. However, it seems that more and more open interest is getting generated at the current levels by the bulls which should keep away the bears for sometime unless there is some god forsaken news.
The global markets are also contributing the upward trend. Strong resistances for Nifty at 9275, 9300 and then 9350 levels. There could be some profit booking but 9200, 9150 and then 9050 seems very strong supports as well. Nifty may seem to trade between these 200/300 points till there is a outbreak on either sides.
Stay bullish but careful about the sharp profit booking.

 
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Source : Moneycontrol
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