Banknifty- How much affect will the election result have?
Tomorrow, Sunday evening we will get the results for elections in Rajasthan, Madhya Pradesh, Telangana and Chattisgarh.
The market has reacted very positively based on the exit polls.
So now what?
If the results are same as the exit polls, then we can expect a gap up opening on monday. Also unless banknifty doesn't close below 44500 on the 3h I will not be bearish and will continue to be very bullish.
Simple, as always :)
Follow for daily analysis on the indices and the stock market.
The market has reacted very positively based on the exit polls.
So now what?
If the results are same as the exit polls, then we can expect a gap up opening on monday. Also unless banknifty doesn't close below 44500 on the 3h I will not be bearish and will continue to be very bullish.
Simple, as always :)
Follow for daily analysis on the indices and the stock market.
Trade closed: target reached:
Bullish view has worked out perfectly. 1.5%+ Gap up!
Indian Stock Market trader & trainer. Believer that everything revolves around price of an asset and nothing else.
