Higher level profit booking was seen in the markets in the last week. Buying by FIIs in the cash segment though kept the markets away from more downside. The markets made a new lifetime high on Wednesday but again, it was the sell off that ruled.

Going forward, the market can move up further towards 9050 and thereafter we can see sideways movement for another one or two days. After that, all round buying can lift the Nifty towards 9300-9500 levels. Nifty has support at 8791 and 8751.