9000 Nifty a possibility; buy on dips: Nirmal Bang

with the Greece issue appearing as barely a blip on the Indian market's radar, it has appeared to have turned on the upward course.

"The very short-term call is difficult to make, but the bias is on the long side," Nirmal Bang's Mehraboon Irani told CNBC-TV18's Sonia Shenoy and Anuj Singhal. "9,000 looks like a possibility."

Irani said that a month ago, the consensus was negative and the market was oversold. "There were concerns about the Federal Reserve rate hike, monsoons and lack of room for rate cuts in India. All three concerns seem to have abated."

While maintaining that the rate cycle appeared headed down, macros were improving and reforms appeared to be slowly but surely working, Irani however marked out legislative progress as a risk. "The Parliament session could be a washout."