Now it is official that BJP has lost elections in Bihar which is bad and it shows people are still tempted to populist policies and even after given chance to improve their mindset they are still in good old civilization. I dont want to be more vocal, even though I am tempted to be with frustration and may invite wrath.
Let us now forget about all this trash and understand how this going to impact market. We have seen market coming from 8340 levels to 7940 which is 400 points after making a 800 point towards upside from 7550 to 8340 points. In this 400 points fall I feel 200 points is because of well informed FII's know the out come in advance.
Let us understand once scenario, we retails will get cues from sources may be either from relatives or friends regarding a company or policy and act based on it and enter into trade, now let us understand the same scenario for FII's they have strong sources and so get information of Exit polls and other research organizations in advance and so they started selling this market and you can see the data.
People expected if BJP fails in Bihar we may see dip of 400-450 points and we have already seen fall of 200-250 solely because of this and the rest 150-200 may happen now.
Friends if you are looking for wealth creation plz do add good stocks on dips and create wealth. Dips are common and so dont panic, if we fall by another 500 points, may be after 6 months u will see it going to up by 1000 points to 8300 levels minimum and best case scenario in next 6-9th months 9100 and 2 years 10500.
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