Nifty 50 may bounce on cooling oil prices

Nifty 50 is likely to witness a bounce-back, with sustainability of the recovery being key.

Resistance on the upside is in the 23,900-24,000 zone for Nifty 50.

A sustained move above 23,900-24,000 could trigger a further rally.

Crucial support for Nifty 50 is at 23,600, which was Friday's low.