That’s not the case, I think. Since you requested a response from “learned” members, everyone is hesitating to reply, I suppose. Who else but an idiot would consider themselves learned?
Looks like market has already priced in NDA to be back. It might go down by few percent even if they win comfortably. If they don’t there could be a correction of more than 10%.
This is not for the results day but with in a week or two.
Results day will be be knee jurk reaction.
Contrary to general public views / news anchor views . After looking sanjays data It seems like when ever NDA wins Market is kind of stable amd not going anywhere but whenever Congress + alliance winning market moving significantly higher . Wow I always thought BJP is pro towards market / investors seems there is lot more to it .
The bearish bets by foreigners doesn’t give confidence that market is pricing in NDA victory. Probably they’re betting on hung parliament or may be they fear 2004 and want to be on safer side
I also thought on similar lines unless one of my friend showed me that sensex returned more in percentage terms during Manmohan Singh Govt’s 10 years than during Modi Govt’s tenure.
I was expecting 10% fall since it crossed 19,000 .
Cant still figure how it made it to 22k its too much even by PR ratio of nifty is near 24-25 .
All around the world recession news and high inflation and entire IT sector with job cuts . Personally i felt last whole year Nifty has been manipulated like a small cap stock .
But even now i am feeling nifty is on the last step of the edge but it feels like my opinion is like 1 against 1crore . Still Shorted the market and burnt good amount of cash as well . But still again I took shorts for June, July , aug .