Morning Market Insights:

Indian Markets will give its initial reaction in today’s trade again on the US-IRAN war escalation followed by sharp rise in the crude oil prices overnight after Trump announced fees for passing through strait of Hormuz. The overall sentiment is expected to remain cautious for the day with support for the index pegged around 23800 and 23850 while 24300 and 24350 remains resistance zones. Bank Nifty is also expected to face initial sharp heat again in the today’s heat of weak global cues and rising crude prices. The index is having crucial support zones of 57500-57600 below which the index 57300 is the next small support while 58500 remains resistance for the day.

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