With a gap-down opening imminent, any pullback will see the 9,600 and 9,665 levels act as stiff resistance points for Nifty. On the lower side, supports are expected to come in at 9,550 and 9,405 levels
The Relative Strength Index (RSI) on the daily chart stood at 57.28; it has marked a fresh 14-period high, which is a bullish signal.
However, it is unlikely to result in any continuation of the uptrend as Monday’s session is likely to see a gap-down start. The index has halted at the 50-DMA, which currently stands at 9,867.