Indian stock markets expected to open higher, following Asian markets, despite concerns over Israel-Palestine conflict.
Gift Nifty suggests a positive start, trading around 19,615 compared to the previous close at 19,522.
Sensex and Nifty fell on Monday due to geopolitical tensions, with Nifty dropping 141 points to 19,512.35.
Technical analysis suggests a lower top formation, signaling a short-term weakness in Nifty.
A bullish hammer candle pattern from last week remains intact, offering a positive sign.
Nifty 50 might continue to exhibit a "sell on the rise" sentiment unless it surpasses 19,700.
Bank Nifty faced selling pressure, ending at 43,887, remaining below the crucial 44,000 level.
Short-term weakness expected in Bank Nifty as long as it remains below the crucial moving average.
Immediate support for Bank Nifty at 43,800 - 43,500, with resistance at 44,000.
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