Expedient Consultants

KV's ChanakyaShaala

Book your Profits

Investors/Positional Traders should Book out their profits immediately, and enter only after May 16th. NDA's Victory has been more or less factored in by the Markets, and further upside (if any)  before May 16th is limited to only 2-3% (6900-7000 Nifty Max). However, if the mandate for NDA is not clear on May 16th, downside may be to the tune of more than 10%. Risk reward ratio demands immediate exit. In the event of NDA getting clear mandate on May 16th, any further rally should be used to short the market through derivatives route.

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