jackson_philips
Long

Short Term in the next few days - NIFTY SHOULD HIT 8300+

NSE:NIFTY   Nifty 50 Index
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Short Term in the next few days - NIFTY             SHOULD HIT 8300+
Whats the analysis and logic for you to say so?
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jackson_philips sachinbhushan
Hi Sachin,

Sorry for responding late. However Price did hit 8294 and then come down.

1. Price Bounced of a nice FIB Level and since Opend Interest was more near that Price Range , I knew that it would go towards 8300
2. In the long RUN with Global issues going on, and on the Weekly Chart since price has dropped from a Strong Supply Level, we are headed towards 7500 - 7000 :)

This is just an opinion,
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But long term , I'm still Bearish, NIFTY will defenitly touch 7500 Levels again
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