Morning Market Views:

Indian Markets will react firstly on the global cues which are currently muted to negative for the market sentiments. Nifty is expected to again consolidate in the today’s trade ahead of the weekend and US-IRAN talks with stock specific action likely to continue in the today’s trade as well. The range for the index is around 23600-24000 zone with bias on buy on dips for short term traders. Bank Nifty is looking neutral to bullish on the charts with good stocks specific buying was seen in the private sector banking stocks followed by select PSU banking stocks. The overall trend of the index is now good with good buying expected today after the recent moves. The sentiment on the street will remain neutral with support for the index placed around 54200-54300 while 55200 remains resistance for the day. $SBIN