IlyasShaikh

Will result of Bihar election make any impact on Benchmark index

NSE_EOD:NIFTY   Nifty 50
42 5 0
Nifty             found support @ 7950. It touched 7950 and bounce back three times. Will Bihar election result impact nifty? Don't know...

Nifty             made a Dogi candle on Friday with huge volumes. May be participants excepting a bounce back or it would be a trap from the operator.. Who Knows? i am NOT smart enough to know that..

Monday would be the crucial day for the market..
In my view, since BJP failed to come to power in Bihar, Market may bounce back around 8300-50 and form double top, then may come down around 7540-50.
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IlyasShaikh pai56kota
Sorry @pai56kota... I'm NOT smart enough to answer your question.
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pai56kota IlyasShaikh
Dear Ilyas Shaikh, I have expressed my view. Even otherwise, Nifty is forming head and shoulder pattern. it will slip to 7540 level or even deeper.
Reply
IlyasShaikh pai56kota
Yes sir.. Now you can expect more downside.. Because crucial support level is broken.. Thanks to poll result..
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I agree with you. i will buy if it open with gap down.
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