NIFTY VIEWS TILL 19TH MAY
COUNTING WILL START ON 16TH MAY AND BY THE TIME MARKETS WILL CLOSE AT 3.30PM ONLY RESULTS OF FEW SEATS WILL BE ANNOUNCED AND ACTUAL POSITION WILL BE CLEAR LATE NIGHT OR SATURDAY 17TH AND ITS
EFFECT WILL BE REFLECTED ON MONDAY 19TH MAY MARKETS ONLY PROBABLY
WITH A BIG GAPUP OR GAP DOWN OPENING
AND ALSO FROM MONDAY SMALLER PARTIES WILL ANNOUNCE THEIR STAND FOR FORMING GOVT AT CENTER AFTER SEEING COMPLETE PICTURE OF ELECTION RESULTS(COLATION/HORSE TRADING) AS NDA THE MOST STRONGEST OF ALL AS OF NOW MAY ALSO BE IN DEFICIT OF FEW SEATS
EFFECT WILL BE REFLECTED ON MONDAY 19TH MAY MARKETS ONLY PROBABLY
WITH A BIG GAPUP OR GAP DOWN OPENING
AND ALSO FROM MONDAY SMALLER PARTIES WILL ANNOUNCE THEIR STAND FOR FORMING GOVT AT CENTER AFTER SEEING COMPLETE PICTURE OF ELECTION RESULTS(COLATION/HORSE TRADING) AS NDA THE MOST STRONGEST OF ALL AS OF NOW MAY ALSO BE IN DEFICIT OF FEW SEATS
ALSO LAST POLLING IS ON SUNDAY THE 11TH MAY AND EXIT POLLS MAY START FROM 11TH NIGHT ONLY WHICH WILL HAVE ITS IMPACT WHEN MARKET OPENS ON MONDAY THE 12TH MAY(EXPECTING NIFTY TO CLOSE NEAR 6780 ON 9TH MAY FRIDAY)
MY GUESS IS FOR A GOOD GAPUP ON MONDAY 19TH
LEVELS ON 19TH MAY BE NEAR 7000 AND
ON 16TH MAY BE NEAR 6650
ON 16TH MAY BE NEAR 6650
IN NEXT 2-3 DAYS NIFTY MAY DIP TOWARDS 55EMA IN DAILY CHARTS 6560+/-20 LEVELS FROM WHERE AGAN A SMALL UPMOVE SHALL START FOR 6780-6800 RANGE
MAY SEE SOME PING PONG GAME BETWEEN 6550-6780 LEVELS TILL 16TH MAY
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