Morning Market Insights:

Nifty have given a decisive breakout on the charts in the last session with support now shifting above towards 24000 zones on the daily charts. The overall trend remains strong for the price with underlying strength seen in some of the index heavyweights. The next resistance for the price is pegged around 24500 and 24560 zones. Bank Nifty is also expected continue the ongoing momentum with good price action on stock specific front with the index price closing well above 58000 mark for consecutive session. The support for the index is around 57800 while 58800 remains resistance for the day.