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election result day: How to trade Nifty on election result day? Heads I win, tails you lose strategy

Depending on whether the Prime Minister Narendra Modi-led NDA surpasses or falls short of the expectations outlined by exit polls, the Nifty could experience significant swings in either direction once the trends of the Lok Sabha election results become apparent on Tuesday. The substantial rally of over 3% on Monday, coupled with a 15% decline in the India VIX fear gauge, indicates that market anticipation for a negative surprise has diminished.

Stock Market Live Updates: Will BSE Sensex, Nifty50 scale record highs today as Lok Sabha exit polls predict Modi victory?

Stock Market Today | BSE Sensex, Nifty50 Live: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in opening trade on Monday to hit

41 smallcaps fall 10-21% as broader indices underperform

Technical View: Traders remain cautious ahead of exit polls, 22,800-23,000 looks likely for Nifty if 20-day SMA holds

The options data indicate that on the higher side, the Nifty 50 may face resistance at 23,000, while on the lower side, 22,000 is the key support to watch.

Tech View: Nifty forms long-legged Doji candle. What should traders do inelection result week