Nifty witnessed the first major profit booking this clearing while both Bank Nifty and Nifty fell by more than 1% at the days close. The market however is maintaining the critical support of 7600 where major put writing has taken place. Nifty Spot is expected to hold yesterday’s low of 7587, failing to do so can trigger sharp selling in the markets. Nifty Open Interest data indicates major selling by FII and Pro which further suggests that 7730 will continue to be a daunting Resistance for the markets. SGX Nifty is opening flat this morning even as the world waits for Janet Yellen to clarify the Federal Reserve’s forward outlook on the path to rate hike.Read More......
Submitted March 29, 2016 at 12:47AM by ShaileshSaraf http://ift.tt/1oisx3R
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