Morning Market Insights:

Indian Markets will again react on the global cues which are flat to cautious for the market sentiments. Nifty is expected to again come under bear some pressure due to IT stocks in the today’s trade amid news of stalled IRAN-US talks to end the war. The overall trend is on neutral side with range for the index is around 23300-23800 zone with bias on negative to flat side for short term traders. Bank Nifty is looking neutral on the charts with good stocks specific weakness was seen in the private sector banking stocks followed by select PSU banking stocks. The overall trend of the index is now under neutral grip for today after the recent moves on the lower side. The sentiment on the street will remain bearish with support for the index placed around 52800-53100 while 54200 remains resistance for the day. $INFY $TCS