Election Results out : How will the market react ?? : 8 Dec 2013

BJP victorious in Assembly elections 2013 . Clear mandate from the citizens of India that they need a change . I should not talk on all this as this blog is only on market updates , strategies and investment planning . I forecast a huge gap up opening tomorrow may be 75+ point gap up on the Nifty . As mentioned in my last post I will close my long position tomorrow by noon as this rally may not sustain for long . The euphoria will be short lived for this week but in the short term we may see a Nifty at new high after 2008 . We will watch out for macro trade and inflation data this week for impacts on the market .

I have my Sell Nifty Call position open and will think of closing the position be end of day depending on price action end of day tomorrow . Same follows with my Sell Bank Nifty call , I still have time as this if for January expiry .

Coming to currencies I am still long $UsdChf from last week . I will go for short trade on $GbpUsd early morning [check my blog on the updates ].