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Morning Mantra ( --- 9.00 AM )

Nifty is now under consolidations at the 9600 levels. The markets look jovial and buoyant to reach newer heights but overall they are in overbought zone with some over valuations. Such scenarios can invite sharp profit booking anytime. We will advise that you may start doing a partial profit booking and keep stop loss to cover any sharp falls. However, there is a high probability of consolidations at current levels and then a march towards 10K for Nifty.
Above 9750, Nifty likely to move towards 9900. High resistance at 9650, 9680 and strong support at 9560 9520.

 
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Source : Moneycontrol
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