Markets are expected to react positively on the US-IRAN developments with crude oil falling sharply by more than 5-6% overnight. The index is at strong support zones around 23600-23650 where an unfilled gap was filled yesterday. On the flip side, 24000-24050 remains resistance for the day The broader trend remains structurally positive as Nifty continues to hold above its long-term moving averages, indicating that the ongoing dip is more of a healthy consolidation. Bank Nifty is also expected to open positively after the yesterday’s sharp rebound from the lower zones. The crucial support zones for the index are around 56100-56200 levels in today’s trade. On the other hand, 57200-57300 is the immediate resistance zones followed by 57500 mark. $BPCL $ONGC

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