Morning Market Insights:

Nifty have shown signs of exhaustion in the last session with support now shifting above towards 24000 zones on the daily charts. The overall trend remains good for the price with underlying strength seen in some of the index heavyweights. The next resistance for the price is pegged around 24450 zones. Bank Nifty is also expected to consolidate with good price action on stock specific front with the index price closing well above 58000 mark for the third consecutive session. The support for the index is around 57600 while 58500 remains resistance for the day.