Morning Market Insights:

Indian Markets will give its first reaction in the today’s trade as the United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy more than three months since fighting began. The signing will be Friday in Switzerland. The sentiment is expected to remain bullish in today’s trade with support for the index placed near 23400 while above 23850, the index is expected to give a fresh breakout. Bank Nifty is looking much better on the charts with stable stocks specific buying was seen in the private sector banking stocks from the lower zones. The overall trend of the index is bullish with good buying expected in today’s trade. The sentiment on the street is definitely good with support for the index placed around 56000-55100 while 57550 remains resistance for the day. $HDFCBANK $ONGC