As Exit Polls were out yesterday Bharatiya Janata Party (BJP) lead by Shri Narendra Modi is in sight of magic number 272 to reach for a simple majority in the 543-seat Lok Sabha, or lower House of Parliament, in the general election that got completed yesterday. The BSE’s S&P Sensex, India’s most closely tracked stock… Read More »
Last Week we gave Chopad level of 6726, Nifty did 2 target on upside and 1 target on downside .Nifty has gained 17 % since Sept. 13 when NaMo was officially anointed as Prime ministerial candidate. Exit poll and outcome of the election. IIP, WPI and CPI data due next week. Lets analyze how to… Read More »
Lok Sabha Election results will be out of 16 May. Lets discuss the possibility of NDA gaining the magic Figure of 272 The NDA performance in 2009 election was BJP (116 Lok Sabha seats), Shiv Sena (11) and Shiromani Akali Dal (4). To achieve the magic figure of It must more than double its present… Read More »
Lets analyze Nifty future move for May month using Harmonic pattern using AB=CD and Crab Pattern. Nifty Harmonic pattern The Harmonic pattern bearish AB = CD formation AB leg is from 5118 to 6415 took 16 Weeks to form with a rally of 1313 points. BC leg is from 6415 to 5933 (which is… Read More »
In our last post Nifty reaction to Lok Sabha election results we had a discussion on various scenarios which are possible. Lets discuss who can an “Investor” also use the Lok Sabha election event to rejig portfolio. In an election year, equities usually go up in the run-up to elections, and Market will always give Thumb… Read More »
Money and power collide every five years at the intersection of Indian Stock Market and New Delhi, as India votes for its 15 Lok Sabha, So much is at stake: Indian foreign policy, India GDP growth, market friendly reforms could all undergo radical changes if Modiji wins. The outcome of the election will also impact… Read More »