Nifty heading towards Life High after Historic Election Win

Nifty will open with huge gap on Monday and can hit a new life highs, but does it mean that we blindly go long, As a matter of fact on May 16 when BJP got majority in Lok Sabha we closed marginally in green after an upmove of more than 6%. Volatility will be the name of the game as we move in an uncharted territory above 9120. Levels to watch on Tuesday and next few days will be 9081/9212/9362/9468. Look at the open price and if nifty trades below open price than only traders should go short with 20 points sl. Traders having capital less than 10 lakhs should aviod trading on Tuesday and protect capital. Market will be there forever but your capital will be gone if you cannot handle big volatility.    Bank Nifty heading towards 21500 after Historic Election Win


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