Bulls unlikely to lose grip; downside supports seen at 9090-9050 zone: MOSL

"A hold above 9,135 could continue to attract support-based buying towards 9,218-9,250 zone"

Outlook:

Nifty index negated its formation of making lower lows of last nine trading sessions and formed a Bullish candle on the daily chart. Candlestick pattern for last two days resembles a bullish engulfing pattern. Recently it made a short-term bottom of 9,075 with the occurrence of Bullish Hammer and now a hold above 9,135 could continue to attract support-based buying interest towards 9,218 and 9,250 zone while on the downside supports are seen at 9,090, and then 9,050 zone. However, short-term bullish reversal on chart with stock specific buying interest indicates that bulls are not ready to lose their grip