Wednesday 20 December 2017

Election Result And Market Sentiments

Today we witness 400 points swing in Nifty during election result time. It was a traders day. Some must have lost and some must have gained which is always the case.

Nifty 10400 Option opened around 70 and hit low 23 and bounced to 105...
What a swing...one lot...around 4000 profit ( I am not calculating point to point as it is difficult to exactly buy on low and sell on high)buy 10 lot, 40K in an hour...it was indeed traders day.

Yes, it needs lot of patience, study and nerves of steel to see your option going from 70 to 23 and still wait and watch... and finally reap the fruits at 100+

This election result showed us lot of unexpected things...
Result was not one sided as claimed...
Majority was not given to single party y people.
This will now set the course for 2019 elections which all are eyeing for.

No comments:

Post a Comment

Can Historical Returns Repeat Again?

We had seen extraordinary returns in equity mutual funds in past. But do you think past returns can be seen again in future? We have seen ...