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Bulls continued to rule the street and hit the 9500 mark successfully a day before the F&O april expiry in line with other Asian markets, amid heavy buying in metal and auto shares. Extending gains for the third consecutive session, The Sensex ended 605 points higher at 32720 and Nifty rose 172 points to 9553.  Other world markets were on a rise today amid rising oil prices as France, Spain and Italy moved to ease anti-virus controls and allow businesses to reopen. U.S. markets closed slightly negative as investors awaited results from Facebook and Microsoft and FOMC rate decision later in the day.

We expect market would remain volatile in the near term. The index formed a bullish candle on the daily scale and needs to hold above 9500 to extend gains towards 9600, and then 9700 -9800 zone. Overall setup and momentum is positive and a hold of recent zones could extend rally, while support exists at 9300 and then 9000 levels. It has been making higher top and higher bottom formation and supports are gradually shifting higher with medium term support at 9000. 

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Resistance: 9600, 9800

Support: 9300, 9000