Elections Results -- One of The Biggest Event in Our Markets History

Hi,
So Nifty is all set to make new records on Monday the 18th, afterall a clear n favourable verdict is there after a long time in Indian history. Targets like 3800 or 4000 looking very much achievable in this leg of bull run. Interestingly it will be dows turn to take cues from the Indian market on Monday as Dow seems to be stabilizing around 8500 its short term resistance line. Post election rallies historically are one sided and it will be interesting to see how much buying frenzy of people can be seen on Monday onwards. Opening targets of Nifty are guessed from 100 - 200 points. I'm expecting the opening gap up around 3800 lvls. It will be crucial to day trade after such a huge gap up coz most of the cream will already be taken up in the Gap up, but for further trades one got to look for some retracements lvls. As seen in all the similar gap ups Nifty alteast retraces (from the bottom to high of the green gapup candle) 20% approx. It may do the same today as well as selling at higher lvls can be seen in the market.
Road ahead will be guided by the momentum indicators. To keep the guesswork going before the opening how much Nifty will rally post Monday is quite crucial as Global Indices are slowing down and going into technical correction mode. It will be interesting to see either global market taking curs from Indian market and resuming their uptrend or our market correcting around 4000 or 4200 lvls. Lets hope we manage to decouple for sometime from the grim scenario and can set new records for our dear Nifty.

Hope you liked it.
Happy Hunting For Coming Dayzzz.