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Trade setup for the D-day 23th may 2019

- Today is the D-day. Election results will be out. The fate of 500 odd candidates and lakhs of trades will be decided.
- The volatility will be very huge as the lead news come in a phased manner.
- The best trade today will be no trade. I am not planning to do any trade today. Most of my positions are closed on Tuesday and yesterday. I am carrying a small position for today which should be fine.
- India vix jumped 10% yesterday.
- Today, earnings, $, crude, support, resistance, FII data will not matter. It will all be MODIfied by election data.
- Any positional trade can be taken after 2:30.
- My expectation is if BJP gets more than 300 then markets will make 5-10% on the upside.
- If BJP gets less than 272 and will come to power with the help of NDA then the market may fall 5-10%
- If oppositions get a majority(which is most unlikely)... forget.. no need to consider this case..
- If the market falls 5-10% then you can buy shares in a phased manner to build positions for long term.
- If the market rises by 5-10% then you can book wonderful profit on your positions.
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