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The equity market looked evenly poised on Tuesday morning with chart patterns showing some kind of fatigue while global cues hinted at the possibility of the further rise in the benchmark indices. 

Remember, the Nifty50 is yet to clear the 9,450-9,470 zone, which creates uncertainty as to how long the index can actually maintain its current momentum.

In the technical charts, the Nifty50 formed a bullish pattern. Analysts say if the index were to sustain above the 9,400 level on a closing basis, it can soon take out the 9,500 and 9,550 levels by the expiry of May series futures and options contracts