Morning Market Views:

Indian Markets will give its first reaction to the increase in the fuel prices in the country in today’s trade. The near-term structure of the index looks neutral to good with support for the index placed around 23400 while 23850-24000 remains near term resistance zones. The overall chart looks volatile with trades expected to capitalize in both the direction for the day. Bank Nifty have given some respite to the short-term traders in the last trade with good pullback seen in the index from the lower levels. The overall trend of the index is neutral with heavy swings expected today after the recent moves. The sentiment on the street will remain neutral with support for the index placed around 53600 while 54400-54500 remains resistance for the day. Stocks In News -