Indian markets poised for weak open as geopolitical tensions mount. Nifty expected to decline about 150 points Wednesday amid Iran-US escalation and weak global cues. Crude oil surged 105 points to 10,029, pressuring sentiment, while gold and silver faced selling pressure. Technical analysis shows Nifty consolidating between 23,300 support and 24,000 resistance. Despite near-term volatility, Emkay Global maintains constructive outlook with March 2027 target of 29,000, viewing any significant correction as transient buying opportunity. Analysts warn sustained energy crisis could test 21,000 levels, but emphasize current weakness offers entry points for long-term investors. Market sentiment remains fragile and headline-driven with geopolitical developments and crude movements as key determinants of near-term direction.
