Nifty likely to find support at around
23900 while 24400 is likely to act as the resistance level.
Bank Nifty likely to find support at around 49500 while
50200 is likely to act as resistance level on the upside.
Asian markets are recovering well after last week's
volatility as they keenly watch the inflation prints being
released in US for more signs of a rate cut to support the
cooling labor market. The MSCI Asia Pacific index was
led by gains of more than 1% in early trade in Japan and
Taiwan. As on 8a.m. IST, the Hang Seng index is down
61 points, KOSPI index is up by 20 points and the
Nikkei 225 index is up by 29 points.
