Amit_Ghosh

[Part 3] Effect of Election 2014 in Indian Stock Market

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NSE:NIFTY   Nifty 50 Index
Pre Election - 13%
Post Election - 5.77%

As usual, it did a 50% retracement before continuing towards a further uptrend.

By Post Election, We are considering the uptick cause on the election results date till the retracement kicked in.
By Pre Election, We are considering the poll scheduling day till results day.
One thing is evident is - Exit Polls will start the engine with a strong note.
Comment: Also, this is a case of the breakout but notice that the kick start happened with a technical buy only. (It was falling continuously for past few days till exit polls kicked in.)
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Nice job.
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