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The level of 9,450 followed by 9,380 would now be seen as a sacrosanct support for Nifty

Nifty Outlook 
 

Nifty reclaims 9,500, a sigh of relief for bulls

Although the week started on a sluggish note after an extended weekend, our markets saw good buying interest throughout the remaining part of the week. Till last week, we were considerably underperforming global bourses, but with this smart rally, we finally got coupled with global peers. Month-on-month, we might see the index ending lower but looking at the intra-month activity, the Nifty managed to conclude the May month at the highest (on a closing basis). 

Going by the famous idiom ‘all’s well that ends well’, the bulls must be