Indian Markets will be resuming the trade on a positive TACO trade where Trump have again reversed its decision to do a major attack on Iran. A sharp fall in prices of the crude oil is seen in the international markets which may act as a positive sentiment for the domestic markets. On the technical charts, the index looks strong with major support placed now at 24250-24280 for the day while 24480-24520 will be the stiff resistance for the index on the intraday basis. Bank Nifty is also expected to outperform in today’s trader after the slide in the crude oil prices overnight. The crucial support zones for the index are around 56800-56900 levels in today’s trade. On the other hand, 57600-57850 is the immediate resistance zones followed by 58000 mark. $BPCL $RELIANCE

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