Nifty 50 consolidation likely between 23,800-24,300

Nifty 50 is likely to consolidate in a range of 23,800–24,300 unless the range is broken on either side.

Immediate support for Nifty 50 is placed at 24,000.

Market sentiment is influenced by Middle East tensions driving a spike in oil prices.

The recovery seen on Monday may reverse due to geopolitical concerns.