Morning Market View:

Nifty managed to close around and above 26150 for the second consecutive session which is a sing of consolidation for the markets in the near-term period. The overall current move of the index is looking good with undertone on the consolidation mode. The support for the index is around 26000-26050 for the day while 26280 and 26320 remains immediate hurdle. Bank Nifty is having resistance around 60300-60400 on the intraday charts and is looking to consolidate further in the short-term period. The trend of the index is better than Nifty with

leading in the charge after the selloff in the HDFCBANK in the last two days. The trend of the index is positive till it is holding 59600 levels on the lower side.