If we go by technical analysis Nifty is testing the breakout of previous resistance area. If it finds support everyone will agree it will go to 23100 and above and possibly - 23600 - 23700 as well because Nifty is not at all over valued and most of the stocks are below their ATH or medium-term high levels. If retest of breakout fails and falls further by one day its going to create huge sentiment to trigger further sell off and very sharp quick fall can be expected. If this happens there wont be any election upside rally but only a sell off rally. false breakout failure - meaning support fails at breakout area and price fall and sudden bounce up before or after results - It will be mere joke and no technical in nifty and its all pump and dump games only, Today 29th may I see some value buying emerged at last 30 minutes in many of the stocks and BN got lifted well. I think BN stocks have been bought by market as value buying and little buying support due to any reason its easily lifting the index up. Reliance is at key level and if this start moving up then Nifty and BN sure to see new ATH. Its all in big players hands whether they want to play the market on upside or down side along the election results.