As of now Nifty and Bank nifty reached some good resistance area. 10775 - 10800 and 26100 respectively.
Exit poll result will be on 12 May and it have effect on 14th Monday trade
15th may is Result date - going to be high volatile day.
Market need some story to correct, if BJP wins, sell on news, if BJP defeated, Market not priced in, it will come down. Which ever way it goes, Profit booking will come at the end of the day. (15th May).
So upto 11 May trading Intraday is good,. and 14th and 15th - Gaps to be traded on opposite side.
Book profit in Longs on or before Friday.
Let see
ZT
Exit poll result will be on 12 May and it have effect on 14th Monday trade
15th may is Result date - going to be high volatile day.
Market need some story to correct, if BJP wins, sell on news, if BJP defeated, Market not priced in, it will come down. Which ever way it goes, Profit booking will come at the end of the day. (15th May).
So upto 11 May trading Intraday is good,. and 14th and 15th - Gaps to be traded on opposite side.
Book profit in Longs on or before Friday.
Let see
ZT
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