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Elections : The next big thing (26th March 2024)



1. U.S Markets closed lower yesterday.
2. Right now , Dow futures are flat.
3. Gift Nifty is indicating a flat opening
4. Markets have taken support from 21700 levels.
5. Last 2-3 trading days markets have recovered and also the broader markets have also started to participate. 
6. This is a positive news for the Bulls.
7. I expect major upmove only after March.
8. March month markets are expected to be volatile and sideways.
9. We have only 3 working days remaining now for March expiry.
10. Premiums are quite attractive now for March expiry.
11. As always , in the last week of expiry the Gamma effect will play out.
12. There will be major big moves closer to expiry and markets would be sideways.
13. Expecting April month to be a much better month for markets.
14. March upto now has been a nothing month.
15. All eyes are now onto the elections verdict.
16. Markets are expecting BJP to win with a thumping majority.
17. If this happens bull run would continue.
18. If not , we can expect some correction In the markets in the short run.
19. Expecting India VIX to touch 18-20 during election period.
20. Accenture's poor guidance has led to a temporary blip on the IT sector.
21. Expect IT sector to remain weak until results.
22. Nifty might trade between 21950 to 22250 today.

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