Morning Market Insights:

Indian Markets will give its first reaction in the today’s trade on the US-IRAN peace deal developments and fall in the oil prices from the highs. There was some pressure in the global markers in the last night but recovery was seen in the morning trade. The sentiment on the street is expected to remain range bound now with support for Nifty is around 23900-23950 while 24250 will be the stiff resistance. Bank Nifty is also expected now to consolidate after the recent move in the index with overall trend remains on the positive side. On the other hand, the sentiment on the street is bullish with short term declines in the markets to be utilized to create fresh long positions. The support for the index is around 57000-57100 while 57900 remains resistance for the day. $RELIANCE