Both Nifty and Sensex made a new 52-week high last week on sustained buying from FII and retail participants. The market trend is still positive, but lacks upward momentum. Last week, RBI kept the interest rates unchanged, but the markets discounted the news instantaneously. Expectation of strong monsoon and rolling out the GST early July are the key positive triggers for the markets. Strong monsoon can lift rural demand for goods and services which can propel rural economic growth and, subsequently, our GDP can also grow. There is unconfirmed news that the centre will take necessary steps to merge weak PSU banks with strong ones. SBI decided to go ahead with the QIP issue for an amount of 11,000 crores, the share base value would be around Rs 287.58 apiece. Many domestic funds are keen in investing, especially LIC of India which is the front runner. Nifty has immediate resistance at 9719 and 9750. Support for the Nifty is at 9625. A decisive move below this can cause intensified sell-off. But chances are remote despite weak Nasdaq cues.