The Nifty will open higher and run up to 6920 or even a little beyond then, the cold weather will hit it and drop down to below 6860 or even lower, with more bad news if any from Europe we could see this slide further to sub 800 levels, and finally turn around from there to next higher peak which would be close to 7k level.Will it cross, a tough call...but serious attempts will be made to do do and this has tohappen before the 10th of May after which we will see a gradual slide down wards which can only be triggered if there is a positive outcome from the election results.If the outcome is as expected by every one and not necessarily has to happen, then we could see a rise of 7 to 10 percent maximum.If the outcome is fractured then we shall see some dramatic drop.
Over all this month is going to be volatile and dramatic, new highs made and sudden swings. Best trade safe and not put the entire family fortune into the game. Small quantities can give handsome pay offs. Timing has to be right and quick.And never leave any position open over night. Sure way to loose money.Once the results are out wait for the lows to come in then enter well with intention to be there for the long haul, it will pay off.
Over all this month is going to be volatile and dramatic, new highs made and sudden swings. Best trade safe and not put the entire family fortune into the game. Small quantities can give handsome pay offs. Timing has to be right and quick.And never leave any position open over night. Sure way to loose money.Once the results are out wait for the lows to come in then enter well with intention to be there for the long haul, it will pay off.