Nifty likely to find support

Nifty likely to find support at around

24100 while 24600 is likely to act as the resistance level.

Bank Nifty likely to find support at around 50000 while

50900 is likely to act as resistance level on the upside.

Asian markets opened on a positive note led by the

Japanese equity. Japanese indices advanced by more

than 2% in early trade as a weaker yen supported the

export-oriented economy. The markets have settled and

erased majorly all losses of the past week global rout

after a reassessment of the yen carry unwinding. As on

8a.m. IST, the Hang Seng index and KOSPI index are

relatively flat and the Nikkei 225 index is up by 810

points.