The markets on the domestic front last week opened weaker, tracking the movements of the previous week. The foreign investors also mainly remained sellers. But the oversold situation of the markets and betterment of cues on the global front reversed market movements.

The current trend upwards is likely to continue and may test 8900 in the near term; thereafter we can expect minor technical correction. But one should keep in mind that markets are likely to move above 9000 before the union Budget. Support for Nifty is at 8727 and 8600.