Market movement highlights post election results

After the results of the elections were announced on Saturday, Mar 11th, it wasn’t difficult to predict that market will go up but break all the past records and touching the all time high in just one day wasn’t something expected.

The SENSEX moved up by 400+ points in just one day and Nifty went up to cross 9000 mark which is remarkable.

ICICI was the biggest gainer which gained by 6+%. LT, Hindustan Unilever and Asian Paints followed the lead.

Coal India made a gap from the uptrend and fell down by almost 7%.

 

coal-India-share-analysis

 

Since the previous record is broken down, the trend is going to be continued with this new one.

 

The next we can think of buying would be Cairn which has made a dip in long-term uptrend and is continue to move up from this point.

cairn-share-analysis

 

The target for this would be 293-296 and damn it will hit it if bought now at 282.

 

Previous predictions:

VEDL is little up from the predicted price and CUB is close to the price it was called at. Overall, there is no profit no loss situation.

Please understand that the shares that I suggest are my own opinion and I would not be responsible for any losses incur.

Also, the shares I talk about here are in long term uptrend and are for medium to long term which means they should be held for 1 week to 6 months.

If you are looking for making quick money overnight, it wouldn’t be possible by using my predictions because I am not offering such service.

 

Pankaj Dhawan

Hello, I am Pankaj Dhawan starting out to share my knowledge in hope to serve you very well, as much as possible and I am open for any criticism.

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Market movement highlights post election results

by Pankaj Dhawan time to read: 1 min
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