🔷️Last 20 year Data Suggest that markets gained in MAY Series in Election year Almost Everytime.Even in 2019 we can see similar Trend to continue.
🔷️IN 2014 NIFTY GAINED 11% IN MAY SERIES 6600 to 7300
🔷️IN 2009 NIFTY GAINED 25% IN MAY SERIES 3600 to 4500
🔷️WHAT CAN WE EXPECT IN 2019???
MOST DIFFICULT TO ANSWER???
🔷️APRIL SERIES NIFTY EXPIRED AT 11630.
🔷️CURRENTLY NIFTY TRADING AT 11750.
🔷️IF WE GO BY PAST DATA NIFTY CAN TOUCH 12500 TO 12800 IN MAY SERIES.BUT ON OTHER SIDE 12000/12300 SEEMS MAX UPSIDE FOR CURRENT MARKET RALLY.
🔷️ELECTION OUTCOME VIEW: Poll of many people suggest Educated people have given a clear cut vote to BJP.
UP and Bihar seats would be the most crucial element for election as these states would be make and break .
Mr.Modi Campaign in US,Cannada & Many European countries are making a big footprints by Indian Residing there.
🔷️WONT BE SURPRISED TO SEE IF NIFTY COULD CROSS 12000 MARK IN NEXT 15-20 DAYS.
🔷️STRICT STOP LOSS SHOULD BE MAINTAINED AT 11540-11530 FOR LONGS.
🔷️11550 TO ACT AS SUPPORT FOR NIFTY IN SHORT TERM.
🔷️MIDCAPS & SMALLCAP TO RALLY BASED ON EARNINGS REPORTED.QUALITY STOCKS WHICH ARE CONSOLIDATING CURRENTLY CAN SEE GOOD RUN AFTER FY19Q4 NUMBERS.
🔷️WE ARE VERY MUCH POSITIVE ON OUR CONVICTION PICKS FOR NEXT 12 TO 30 MONTHS WHERE WE SEE SUSTAINED GROWTH IN EARNING WITH HI CHANCE OR RE RATING OF STOCKS.
🔷️AS ELECTION FEVER GETS OVER.OVER A PERIOD OF TIME,SAY IN 3 TO 6 MONTHS MARKETS WOULD AGAIN START CONCENTRATING ON EARNING & FUTURE GROWTH.
DISC – All views expressed are personal And only for Educational & study purpose only. Consult your financial advisor before taking any position based on above article.