Nifty to face resistance at 7800

We are coming off long a weekend and Asian markets have opened up this morning and they have opened up with a positive buy, the Shanghai markets trading with a gain of around 0.5 percent, the Nikkei as well holds strong with a gain of around 0.5 percent and SGX Nifty is indicating a positive take. Now if you just take a look at it the Nifty has been on a 6 session wining street; the foreign institutional investor (FII) flow have been the strongest we have seen in the last couple of years in a single month, so in a March 2016 we have seen flows in excess of around Rs 15,000 crore odd.Watch accompaying video for more...