NIFTY VIEWS(Election Effect)

BJP loose Bihar election. Lot of investors may loose hope and take money out. Fii will slowly decrease the stake. Such rumor or news can make NIFTY to fall 2% to 5% down and also affect all global market to fall. Be careful on taking any positions. NIFTY expected to open near 7800 on completing HNS pattern due to loss of BJP in bihar election. Once the pattern complete,NIFTY is expected to fall for 500 pts down. Further falling on NIFTY occur Only if economic situation continue go bad