Nifty at 9600: It's a good time to book profit, says Angel Broking

Upside in the near term now seems limited, the brokerage says

On the Nifty50 index, 9600 is a reality now as we saw markets making a strong recovery in the latter half of the week. Despite seeing some correction in the early part, we maintained our bullish stance on the market and advised traders to stay with the larger degree up trend. Also, we have been quite vocal about reaching the new milestone of 9600 in the recent past, which has now been proved valid.

Going ahead, we can see continuation of this move; but upside in the near term now seems limited. In last 4 – 5 months, we have not