Morning Market Insights:

Indian Markets are under deep consolidation trying to depend the crucial support zones of 23900-24000 on the lower side. 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 volatile commodity markets. The index is having crucial support zones of 57000-57100 below which the index 56700 is the next small support while 58000 remains resistance for the day.