The Nifty 50 futures contract is managing to sustain above 9,200.

The bounce from the intraday low of 9,203.5 suggest that the contract is getting fresh buying interest on dips near 9,200. This keeps the outlook bullish.

Immediate resistance is at 9,225. A strong break above this hurdle can take the contract higher to 9,250 and 9,260. Further break above 9,260 may target 9,300 thereafter.

Short-term traders can go long. Accumulate on dips near 9,210. Stop-loss can be placed at 9,185 for the target of 9,255. Revise the stop-loss higher to 9,230 as soon as the contract moves up to 9,245.

The region between 9,200 and 9,190 is a key intraday support. The contract will come under pressure if it declines below 9,190. The ensuing targets are 9,175 and 9,145.

Strategy: Go long with a stop-loss at 9,185

Supports: 9,190, 9,175

Resistances: 9,225, 9,260