Big resistance for Nifty at 7900-7950

This morning the Nifty is posed with a bit of a challenge because the Asian Markets, they are not doing too good. The US Markets sold off last night, there is talk that may be in the next couple of months we could see a interest rate hike that will come out from the United States. So, that is what will really suck off some kind of liquidity from the system and that is where we are seeing that the Asian Markets have opened up with a bit of negative tick early this morning.The SGX Nifty is indicating that maybe we could see a cut of around 35 points just to kick off a trade, so that will be quite interesting because yesterday we were trading well in the green and in the final hour of trade we lost closed to around 50 points very rapidly.