All Eyes are set upon the two states election outcomes which held on 21st Oct. 2019 in two constituents Maharashtra & Haryana. Voting is already begun around 8 AM in the morning today. In exit polls & market sentiments we saw almost one ruling party. Total 288 seats in Maharashtra & Haryana constitution election was held for 288 seats & 90 seats respectively. If we deep into an average of the last six polls, the BJP along with Shivsena won around 213 seats & NCP is trying to protect around 61 seats out of it & other parties might win over 14 seats.
Exit Poll Opinions For Haryana:
Times Now: BJP-71, Congress-11, Others-8
India News: BJP-75 to 80, Congress-9 to 12, Others- 1 to 4.
NEWS 18: BJP- 75, Congress- 10, Others- 5.
Exit Poll Opinions For Maharashtra:
India Today: BJP- 180, Congress- 81, Others- 27
News 18: BJP- 243, Congress- 41, Others- 4.
ABP: BJP- 204, Congress- 69, Others- 15.
Republic: BJP- 222, Congress- 54, Others- 12.
Previous Day’s Talk
On 23 October the Indian benchmark indices opened on a flat note after that some positive movement is seen in the index. At close, market was settled on a very indecisive note. The leading sectors were IT, auto and FMCG. Ruling stock in the market was Jublfood, Relinfra and Rpower. The buyers and sellers are waiting for the upcoming results of Assembly Election. In today’s trading session the Indian indices likely to opened on a flat note as SGX nifty is 23 points positive at 11661.50. All the Asian markets are looking positive for today’s opening session.
As per the view of Derivative Analyst, Mr. Nilesh Jain from Anand Rathi, Nifty should remain volatile today. It will trade in the range of 11500 in the downside & 11800 on the upper side. As per his view in coming sessions, FMCG & Auto sector and Bank nifty should perform positive. Bank Nifty should be trading in the range of 29000 in the downside and 30300 on the upper side.
As per Kkunal Parar, Technical Research Analyst at Choice broking shared his view on today’s trades: We can see upper side resistance around 11700 followed by 11790 and strong support could be 11480 in the downside. As per his view in coming sessions, Auto, FMCG, and Financial Services will perform better. As per his view, there’s strong resistance around 11695 Nifty’s previous high before 1 month following Nirmala Sitharaman’s Speech on Corporate tax rate cut. Almost all the sentiments are hovering around BJP’s clear win in both the constituents.
Last Assembly Election result on Maharastra & Haryana Constitution on 19th October 2014.
On the last election result day, it was Sunday so the market was remained closed but on the next day, market was opened at 7896 during the day it made a high & low of 7905 & 7856 respectively and managed to close at 7879, 1.28% higher.