Morning Market Views:

Indian Markets will react on the Trump statement in the initial trade where he has given threatening ultimatum to Iran in its latest post. The rising bond yields is also weighing sentiments in the US markets due to which the futures are also trading in the deep red. The overall trend of the markets on domestic side is neutral with heavy swings expected today after the recent moves. The sentiment on the street will remain cautious with support for the index placed around 23300-23350 while 23850 remains resistance for the day. Banking stocks also came under selling pressure from the highs in the trading session indicating that Bank Nifty may witness selling on any rise in the today’s session as well. The trend of the index seems to be cautious with support for the index placed around 52800 for the day while 54200 remains stiff resistance. Stock In News-