How will markets react on election result day? | CA Rachana Ranade

"if BJP wins then what could happen uh I personally feel that whatever they have in their mind which could be about the power sector it could be about the overall PSU theme it could be defense as a space it could Railway all these spaces which have been performing well ideally they will see their next leg of rally and it'll be really interesting to watch all these sectors"

"but God forbid but if something goes wrong if BJP doesn't win then in that case we can see a maddening Market correction I will not be surprised if Market corrects even by like something like 8 to 10% I will not be surprised if that happens"

"so if BJP doesn't come into power absolutely to rajal lingam is on bang on target PSUs everyone almost everyone is saying that PSU PSU PS defense so if you are an investor okay be careful but if yes exactly PSU defense Railways this is the theme right uh so be be careful"

"so first support 22400 I think last big support at 21,800 and bhagan we'll have to we I don't think we'll have to see levels lower than that I I really doubt in fact I feel right now only we are at a decent enough level"

"on election result day Same Day post results were out crash in the Wicks up to almost 34%"

"increasing uncertainty is equal to increasing weeks when certainty kicks in the market what is certainty kicking in is equal to election results coming up we know who which is the party which has come into power once that happens ideally vix crashes"

"so with this now if there is an option option seller if option seller has sold an option that person would have collected premium and post election results when the volatility crashes that is when ideally the premiums are also going to come down and because of which option seller will get an opportunity to pocket the premium"

"these are the two heavyweight champions of nifty if HDFC bank and Reliance were to at least stay steady then it'll be fun and if they start going up right"

"but if you see in 2024 FIS have not bought only properly they've been selling most of the times during J to may but I'm sure that they'll have to buy now they just keep on selling and selling and selling throughout the year at one point in time they'll have to come to India they'll have to start investing"

"and ultimately this month itself silver has given a 20% rally and it is staying strong above the overall hor the the slanting support line uh the resistance line is what I should say ideally so amazing pattern for silver right"

"so I must say that kpit is at a level it's very much uh at a crucial level so keep it in your watch list and check the price action for kpit"

"it's not a good chart for Bajaj fin serve at all let me just share the screen have a look at this beat 50 days moving average 150 days moving average 200 every single key moving average has been taken out and two red candles back to back with almost 2% and a 3% cut no signs of reversal unless and until you see signs of reversal don't don't do I mean don't hurry into any specific you know uh stock"