Morning Market Insights:

Nifty have given sharp reversal in yesterday’s trade all thanks to the Trump statement on dissolving the MoU with Iran. The sell off was very brutal in the last session with rise in crude oil prices and dent in the global equity markets. The index is having final support around 23700 while 24100 remains resistance for the day. Bank Nifty also came under severe bear grip in the last session with the overall trend of the index turning neutral from bullish. The index is nearing crucial support zones of 56500-56700 below which the index 56000 is the next small support while 57300 remains resistance for the day.