Morning Market Insights:

Indian Markets are under same continuing zones inside the consolidating range and is looking neutral on the charts with stock specific action continuing in the mid and small cap space. The overall sentiment is expected to remain cautious for the day with support for the index pegged around 23800 and 23850 while 24200 and 24250 remains resistance zones. Bank Nifty is also expected to consolidate further in the near term tracking flat global cues and stock specific action within the index. The index is having crucial support zones of 57100-57200 below which the index 56800 is the next small support while 58000 remains resistance for the day. Q1 Results Today- Reliance Industries (RIL) – Biggest result of the day JSW Steel – Key metal sector result Federal Bank – Important banking result Havells India – Consumer electricals Tata Technologies – Auto/engineering technology Oberoi Realty – Real estate Poonawalla Fincorp – NBFC RBL Bank – Banking sector