Morning Market Insights:

Nifty have been currently revolving around the support zone of 23200 from past few sessions and is now looking very vulnerable to the global equity market movement. The trend of the index is neutral to cautious and is expected to remain volatile in the near-term period. The support for the index is around 23150-23200 while 23500 remains stiff resistance for the day. 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 neutral with support for the index placed around 53100-53300 while 54600 remains resistance for the day. $LAURUSLABS $APOLLOHOSP