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Finally, exit polls have given some hope of stable government but considering past track record of +/- 10-15% deviation in numbers, risk to financial market has already been built up. BJP with 285+ seats and NDA with +310 seats are good for market but that should not last long as real concerns on economic slowdown will come into play. Will poll numbers behave...
200 day SMA and channel bottom support coinciding as shown.
A crucial level hence a bounce or break could be highly decisive in determining the direction of NIFTY in days to come.
For now we are on wait and watch mode.
Inverted Head and Shoulder is an Bullish Signal spotted on BEML on Weekly Chart Analaysis. Long Position @1012
Target - ₹1155
Stop loss- ₹870
Duration- 2 to 3 Months
