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Elections Volatility!! (13th May 2024)




1. U.S Markets closed higher yesterday.
2. U.S Markets are now rallying from 8 consecutive sessions.
3. Whereas our Markets are down for 7 consecutive sessions.
4. However , we recovered a bit on Friday.
5. 22000 was respected by the market but until how much time will it sustain is the main question. 
6. 22000 PE the highest open interest among Put options.
7. So far the Bulls have managed to defend this level.
8. This fall has resulted in many stocks going down 20-30%.
9. This is good for markets as a whole as it takes down excessive valuations , leverage and Euphoria from the markets 
10. Also earnings season has not gone according to liking.
11. Mid & Small caps have given good results but many large cap results have been sub par.
12. This is what is the problem
13. This fall reminds me of 2021 budget.
14. Before 2021 budget many were speculating Covid cess and markets were down.
15. Budget was normal as expected and markets rallied 1000 points in 2 days.
16. I feel this is what will happen post election.
17. It's a huge possibility that election results would be as per markets liking.
18. Going light before a big event is actually a positive thing.
19. Nifty might trade between 21800 to 22200 today.

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