Stock Market Today by Shailesh Saraf - Nifty expected to close between 7600 to 7700 on Thursday, however it can see selling pressure due to fall in Crude Prices

Nifty Futures has managed to sustain above the 7600 mark even as it saw a correction of 2% from the recent high. This is a typical healthy bull market correction which is indicative of the fact that the uptrend will resume today. The past few days saw call writing by FII and PRO in the strikes of 7600 and 7700 which means Nifty could close anywhere between 7600 and 7700 on 31st March 2016. Tomorrow being the last day of this clearing as well as the Financial Year some buying can be expected by the Institutional buyers to prop up their Net Asset Value.

Submitted March 30, 2016 at 01:01AM by ShaileshSaraf http://ift.tt/1WWJFrD