Bhagavadgita Chapter 18 Moksha Sannyas Yoga Verse 49

Asaktabuddhih sarvatra jitaatmaa vigatasprihah;
Naishkarmyasiddhim paramaam sannyaasenaadhigacchati.
He whose intellect is unattached everywhere, who has subdued his self, from whom desire has fled,—
he by renunciation attains the supreme state of freedom from action.
Interpretation
This shloka talks about the person who sets himself free from actions. We ourselves choose actions and we only want to get freedom from the actions. All this is a part of the journey of life. Lord says, a person who wants freedom from actions never allows his intellect to influence any person or any object. He also keeps himself subdued from all those things that create various unwanted desires in him. With all this is a person renounces the fruits of the action and then the action itself, such kind of person is said to have attained freedom from actions. 
Extending Interpretation to Mankind’s Life!
There is a boat on the surface of water and there is a bridge above the water. A boat is used to cross the river and even a bridge is used to cross the river. A person travelling in the boat has to do nothing but remain static and allow the boat which is in motion to cross the river, while the person who uses the bridge has to take the efforts all by himself and cross the bridge. Here the bridge will be static and the person is in motion. Attachment here is like the boat and the bridge, water is like the desires and the person is the action. 
A person who sits on the boat as he is static, experiences the turbulence of boat as he is constantly attached to the movement of boat. But a person who crosses the bridge doesnt bother about the water underneath and quietly crosses it. In life also a person who is unattached to work will not bother about anything and does his work, whereas the person sitting on a boat is constantly worried about how boat manages the turbulence of water. This also teaches an important lesson in life that we should never get attached to anything we do and keep a distance from the fruits of actions just like how bridge keeps a distance from water. That is the secret for getting freedom from actions. 

Orissa and Gujarat – Far from each other but not very different politically. #LokSabha2019 #IndiaVotes

Today we shall look at the history and the two states which are on the two corners of India. One on the east is the Odisha and one on the west is Gujarat. There are quite a few similarities between these two states yet the parties in power in both the states are different.

Let’s look at some interesting facts:

Starting with Gujarat. It was in the year 1995 that first-time BJP came to power and is still in power even after 24 years. There has been no anti-Incumbency against BJP. Gujarat in these 24 years has made development do the talking. There has been high urbanization of the state, no backwardness, no heavy dependency on the Agriculture. Gujarat is known for one of the top states into industrial space and also the services sector. Gujarat has become the centre for sectors like Pharma, Textile, Diamond, Petro-chemical sectors and of course Stock markets.

Now coming to Orissa, it was in the year 1999 that BJD party was given power by the people of Orissa. And the same party is ruling Orissa for 20 years and is fighting for 5th term along with Lok Sabha Elections 2019. There has been no anti-Incumbency here too. But then the drawbacks here are that Orissa is still backward and has a high tribal population in poverty. High poverty and lowest urbanization are seen everywhere except Bhubaneshwar and Cuttack.

With these many differences how is that both the parties are enjoying victories for so many years? Simply Development! Gujarat Govt BJP has been giving all the possible facilities to the traders to improve their trade and commerce. Traders thus have been backing Gujarat for many years. Recently, in the 2017 assembly elections Saurashtra which is agriculture driven area went to Congress but then areas like Kutch, Surat, Baroda, Ahmedabad have voted for BJP and saved them. This was right after the GST and Demonetisation.

On the other side, Orissa’s Biju Janata Dal Govt is known for constantly focussing on uplifting the women and the tribals. The Self-help group started by BJD has really helped the people of Orissa. Naveen Patnaik’s policy of leaving the tribes on their own with full autonomy helped them to get the tribal vote.

Both the states have been a leader-centric and backed their respective leaders, Narendra Modi since 2001 in Gujarat and Naveen Patnaik since 1999 in Orissa.

All about Lok Sabha 2019 – Naveen Patnaik had come to elections in 1999, with an alliance with Atal ji’s BJP. Of the 21 seats then BJD+BJP won 19/21 and Congress won just 2. The same alliance in 2004 won 18 seats, BJD 11, BJP 7, INC 2 and JMM 1. Once Atal Ji retired, Naveen Patnaik separated with BJP and in 2009 Naveen Patnaik fought all alone, where he won 14, CPM 1, Congress 6 and BJP nil. With BJP losing grip in Orissa, Modi and Shah in 2013 decided to build BJP in Orissa by going independently. In 2014 within 6 months of time, BJP won 1 seat while BJD won 20. Though this was a bad loss, this wiped out Congress and opened doors for BJP. Recently held Panchayat elections BJP was the party with the highest number of seats.

Odisha elections are happening in 4 phases: 
• 1st phase 4 seats
• 2nd phase 5 seats
• 3rd phase 6 seats
• 4th phase 6 seats

In 2019 elections, according to the projections from opinion polls, BJP might win 11-13, BJD 8-10 and nothing for Congress. Naveen Patnaik is turning old and losing the charm and there are no leaders who can take forward the legacy. This is advantage BJP. And Sooner or later Orissa will be ruled by Right Wing party for the first time in its history.

Coming to Gujarat, all the 26 seats of Gujarat are voting in the 3rd phase on 23rd of April. The previous election in 2014 was a big victory as BJP swept to win 26/26. This time, BJP is expected to easily win the 16 seats in Gujarat region comprehensively while Saurashtra and Kutch might offer some resistance. Still, BJP is expected to sweep Gujarat winning 22-24 seats, leaving just 2-4 for Congress. Modi’s personal popularity and his Gujarati tag will help him there.

Overall for 47 seats of Gujarat and Orissa – BJP is expected to win 33-37 seats, UPA 2-4 seats and BJD 8-10 seats.

Bhagavadgita Chapter 18 Moksha Sannyas Yoga Verse 48

Sahajam karma kaunteya sadoshamapi na tyajet; Sarvaarambhaa hi doshena dhoomenaagnirivaavritaah.

One should not abandon, O Arjuna, the duty to which one is born, though faulty; for, all undertakings are enveloped by evil, as fire by smoke!

Interpretation

In this shloka also Lord is continuing to talk about the importance of one’s dharma. He tells Arjuna that one should never abandon the duty to which one is born. Here it has to be understood that is not the family to which he is born which does that duty, but the duty for which the person is born that decides. Lord also says that he should never abandon it even though it is faulty in the eyes of everyone including himself. If he doesn’t listen to this and abandons his duty and takes up some other duty then whatever he does will be enveloped by bad karma just like how the smoke envelopes the fire. This is the analogy that the Lord gives to the person who takes up the duty which is not his.

Extending Interpretation to Mankind’s Life!

What is a faulty duty? The first line itself says that one should not abandon the work of his own nature, even if it is faulty. What exactly does that mean? It’s the thought process with which we approach the work. No work in this world is perfect and every work will have some faults or the other. What Lord here means is that just because there is something wrong in the work that a person is doing he should not abandon it. The fault could be anything. There might be a mismatch of your values with the values of the management where you work, a person might have to tell some lies, there can be a lot of obstacles, misunderstandings while doing this work. Whatever they may be, a person should never leave the work of his nature.

Just because your outlook doesn’t match with the management outlook you should not leave that work. He might tell lies for the overall benefit of people, and those lies are worth 100 truths. So, ultimately, doing the work that one is meant to do is the only dharma that a person should follow. But a person might think, why is he in such a bad place? The answer is simple. There are lessons to be learnt and there are debts of your past karma to be repaid. The day they are done, God will shift you to another place.  Thus work is more important, not the place. These hostile situations created by God are like tests to us to see whether we can withstand or not.

If we breakdown and abandon that work and take up altogether new work, then it is considered to be a sin. Even if that work appears perfect to you,  you will not be able to do it for a long time. You will end up accumulating a lot of bad karma in the entire process and that is like smoke around a fire. It’s a common assumption that wherever there is a fire there is smoke. Likewise wherever a person abandons his dharma and embraces someone else’s dharma his actions or karmas will be bad and surround themselves around that work. Whenever you do a work which your soul doesn’t accept, then you don’t do it with full dedication and work without dedication only results in bad karma. 

Bhagavadgita Chapter 18 Moksha Sannys Yoga Verse 47

Shreyaanswadharmo vigunah paradharmaat swanushthitaat;
Swabhaavaniyatam karma kurvannaapnoti kilbisham.
Better is one’s own duty though destitute of merits, than the duty of another well performed. 
He who does the duty ordained by his own nature incurs no sin.
Interpretation
This shloka underscores the importance of one’s own dharma compared to the others dharma or paradharma that we tend to do at times. Lord says that one should do his duties and should never be bothered about the imperfections. This is because according to the Lord an imperfect job done with so many mistakes or faults is much better than doing the other person’s dharma with great amount of perfection. The Lord goes on to say that everybody’s nature or his mindset will clearly tell him the kind of work that he should do and the person who just sticks to that is the person of perfection and he will not incur any sin. 
Extending Interpretation to Mankind’s Life!
We have discussed about this in Chapter 3 which is “Karma Yoga” or Yoga of action. There we have learnt that doing one’s duty which is imperfect is also much better than doing other’s duty with perfection. This shloka takes the same thought further and tells us the importance of doing one’s own duty. At a higher level of spirituality, you know what is good for you. You feel an inherent happiness in that even though it might give you lot of problems and expose you to a plenty of challenging situations. Still a person has to stick on to the task that he is born to fulfill rather than run for doing things that others tell him to do or something which gives material benefit.
Soul cannot speak or hear. Its the senses which do that. Soul’s voice is silent and that voice gets activated when someone else says it and your senses pick it up. Your conscious mind will never get what your soul wants because soul cannot transmit the information. It has to be picked up by someone and say it and when your soul hears it, it feels good. Thus a person picks up what he should do. Just because he picked up that work, it doesn’t mean he wont face any problems. Problems are independent of the choices you make. When you make a right choice of dharma, you get an immense work satisfaction and internal happiness, irrespective of negative situations and problems. 

Market Trade Setup 18th April #NIFTY

We are back again for the 3rd and the last trading day of the week. Today is a very important day as there are plenty of cues that the market has to understand and digest. There is the 2nd phase of elections going on today and then you have the sad news of Jet Airways and added to that are the Q4 results that are coming. Globally things don’t look great, as Dow ended in a flat zone last night with a loss of just 3 points. But Asian markets look red today as almost all the Asian markets are in flat to the negative zone. Hong Kong and Japan are down 100 points each. Brent crude crossed 72 dollars yesterday when we were not trading but today it corrected to 71.4 dollars.
Coming to domestics, today is the 2nd phase of elections and 95 seats are going for polls today and out of that 52 seats are in South Indian states of Tamil Nadu and Southern Karnataka. BJP has 38 out of these 95 seats so it’s not going to be very crucial but what happens in Tamil Nadu and Karnataka will be closely observed by the market. NDA has just 3 out of 39 seats going for polls today and with the tie-up, with AIADMK anything is going to be gain. So, the better the AIADMK performs the better will be the NDA. Out of 14 seats going for polls in South-Karnataka BJP holds only 6 while Congress holds 6 and JDS 2. This time Cong-JDS are fighting together so it’s going to be a challenge for BJP to protect those 6 seats but infighting in Cong-JDS camp means BJP still has a chance. All this will be visible in market movements today.
On the Q4 results front, Wipro came up with their Q4 on Tuesday evening and it was a disappointment again like Infosys. Mind tree which also came up with the result yesterday was good. So, IT space is mixed with TCS and Mindtree reporting good numbers and Wipro and Infosys disappointing. The big news today is Jet Airways announcing yesterday that all flight operations are going to be suspended today. This reminds me of King Fisher story which reached a peak of 320 rupees in 2008 and came crashing to 13 rupees losing 90% of its peak value when its operations suspended on 20th October 2012. Today King Fisher is at 0. Jet started in 1993, reached a peak value of 1300 in 2005 and even in 2018 its share value was 850. Now on the day of suspension, the share value is at 240 rupees 80% loss from its peak value and now we will see the stock hitting circuit filters and the share approaching to zero if nothing is done to protect the company. Jet presently has more than 1600 employees.
On the derivatives front, today is the expiry day for the weekly series before we go for the monthly expiry next week. The action immediately shifted to options and the put-call ratio jumped to 1.82 from 1.61 mark. Tuesday saw a huge turnover of 10.5 lakh crore and today it will easily cross 20 lakh crore again. 11750 put added 10.9 lakh positions while 11800 put added 8.2 lakh positions and 11700 put added 6.3 lakh positions. 11600 put has the highest open interest of 16.7 lakh and 11700 put has 15.1 lakh. So, 11700 is establishing itself as the base for an up move that happens today. On the call side, 11900 call added 4.5 lakh positions and 11850 call added 3.2 lakh positions. 11900 call now has the highest open interest while 11800 call has a second highest open interest. So, the expiry markers today might lie between 11750 and 11850 with an outside chance of Nifty going to 11700 and 11900.
What is the Nifty call for the day?
Elections hold the key today and the states where BJP is strong like UP, Maharashtra and Chattisgarh will be keenly watched to see if BJP can hold those seats. Potential states like Tamil Nadu, Odisha and West Bengal also will be keen to see if BJP can improve substantially. States like Bihar and Karnataka will be watched to see how alliances work or don’t work. With expiry also adding to it, we will see a lot of volatility. We are likely to open in a flat zone around 11790-11820 zone and as said before Nifty can go to 11850-11900 zone or fall to 11700-11750 zone. But 11760 will be a support and for fall to happen this level has to break. Anything can go wrong, but I believe that the market will go up. So, I would suggest taking a long position in May futures around 11800-11820 mark with 11860-11900 as the target. Exit as soon as the targets are achieved and hold it till the targets are reached.

Bhagavadgita Chapter 18 Moksha Sannyas Yoga Verse 46

Yatah pravrittirbhootaanaam yena sarvamidam tatam; Swakarmanaa tamabhyarchya siddhim vindati maanavah.
He from whom all the beings have evolved and by whom all this is pervaded, worshipping Him with his own duty, man attains perfection.
Interpretation
This shloka needs to be understood with a slightly higher level of spirituality. Lord wants us to understand here that when you perform a duty which is according to your dharma it is similar to worshiping the God who has created us. Lord also says that this is the God from whom all the living beings have evolved. Not only that the God who created this universe is present in all the living beings. So, one has to understand that identifying and doing actions that is in line with his own dharma is similar to worshiping the God every moment. This is the way a person can attain perfection, says Lord Krishna. 
Extending Interpretation to Mankind’s Life!
How do you know what is your swa-dharma? Ask your soul. God created all of us and every life is a gradual progression in spirituality of an individual. In childhood you might want be a pilot or you want to be in army. The decision is purely based on senses as at that age one can never understand the urges of the soul. It is the teenage when an individual is able to understand the urge of his soul. If he is tamasic then he will naturally progress towards menial jobs and as the Rajasic quality increases he tends to become a trader and a warrior. That Rajasic guna turns sattwik and he slowly starts to get into philosophy, religion, teaching etc. 
Thus when you talk to yourself in your teenage you will know what you want to be. A Tamasic person would want to enjoy and travel, Rajasic person might want to get into a leadership role and earn money, status and power and a sattwik person will always want to help people. This nature combined with the urges of soul makes a person choose his profession. Thus it becomes important for a person to follow the profession with a devotion that is equivalent to worshiping the God. That can only happen when the individual is 100% committed to his profession and that is the only way he attains perfection. 

2nd phase of Lok Sabha Elections 2019 #IndiaVotes #LokSabha2019

1st phase of Lok Sabha elections 2019 got successfully completed on 11th of April with the voter turnout reading at 69.4%. This 69.4% is notch higher than the overall 2014 elections turnout of 66.40%. We are 2 days away from the 2nd phase and the last 5 days after the 1st phase got over, things have gone wild for both the parties. Election Commission banned Modi biopic right before 1st phase and now EC has banned several leaders from campaigning for their communal or unethical usage of words. Yogi Adityanath for 72 hours, Mayawati for 48 hours, Azam Khan for 72 hours and Maneka Gandhi for 48 hours. These are some big events in the last 5 days.

18th is the day of Second Phase and this time there are 96 seats which will go for polling on Thursday. Vellore seat polling has been cancelled after huge amounts of cash were seized in the house of a DMK leader. Like last Tuesday, First, let’s look at the top 10 constituencies of the Phase 2 elections.

1. Thoothukudi: Tamil Nadu is all about DMK and AIADMK. With sympathy running high it’s expected that DMK will win or rather sweep entire Tamil Nadu. But last few days things are getting better for AIADMK-BJP combine. Tuthukudi is the place where state BJP president Dr Tamilisai Soundarrajan is taking on Kanimozhi, the favourite daughter of Late Karunanidhi. With sympathy factor intact, things look a bit tough for Tamilisai.

2. Chennai Central: Sam Paul is contesting from PMK which is another ally of BJP. But then this is not going to make any difference as it seems, Dayanidhi Maran from DMK, two time MP and brother of Kalanidhi Maran is expected to win this seat back.

3. Nilgiris: We have the 2G scam acquitted A Raja from DMK fighting against Thyagarajan from AIADMK. This seat is more important for the people and it’s for them to decide either to vote a corrupt leader or someone else.

4. Siva Ganga: Another blockbuster place. After Chidambaram, we have seen that his son Karthi being pushed into politics. Yet another dynasty mode of politics starting in Tamil Nadu. Will Karthi win his father’s seat or are the corruption charges on the family will prove costly for them? This time BJP candidate H Raja is taking Karthi Chidambaram at Shiva Ganga.

5. Bangalore North: This is the seat of former CM and Union minister DV Sadananda Gowda. This looks more or less like a victory for BJP until or unless any miracles save Congress;

6. Mandya: Interesting story coming from this constituency. Nikhil Kumaraswamy the son of HD Kumara Swamy and the Grandson to Deva Gowda is fighting against the actor Ambareesh wife Sumalatha. Sumalatha is going Independent but is being supported by BJP. The Story is, though JDS and Congress are fighting together, there is a section of Congress leaders from Mandya who are secretly supporting Sumalatha. So, will Sumalatha stage an upset and win Mandya or will Nikhil trump her to retain this traditional JDS seat?

7. Chikballapur: This could be one of the easiest win for INC in South India. Bacchegowda is contesting from BJP but then his opponent is Veerappa Moily from Congress. Veerappa Moily has been a Minister of Petroleum, Corporate affairs, Power in UPA and has been a powerful leader from this region. With JDS also supporting him, the caste equations indicate a clear victory for Moiley.

8. Mathura: Going back to North India. We have Hema Malini contesting from BJP and Mahesh Pathak from Congress. Hema Malini as we know is the famous actress and for the first time, Dharmender campaigned for the Party and his Wife. Hema Malini has already won LS Seat before and will be looking to continue the same this elections.

9. Fatehpur Sikri: This is going to be the close contest between two leaders from BJP and INC. BJP has fielded Sadvi Niranjan Jyothi who is known for her controversial remarks on the opposition. On the other side we have Raj Babbar the actor from Congress. Close contest.

10. Srinagar: This is a going to be an easy win for NC Congress. Farooq Abdullah is the famous J&K leader and no doubt he would win this Seat and we will all see 80 plus Abdulla triumph again from Srinagar.

Coming now a little bit to the statistics, the second phase elections will cover 12 states and the union territory of Pondicherry. Tamil Nadu is the only state where all constituencies are going for polls while in other 11 states it going to be just another phase of the election.

There are totally 1590 candidates in the fray and let’s look at the 2014 results.

List of winners for this 96 in last elections: 
• Tamil Nadu (38) NDA 2 UPA 0 Others 36
• Pondicherry (1) NDA 1 UPA 0 Others 0
• Karnataka (14) NDA 6 UPA 8 Others 0
• Orissa (5) NDA 0 UPA 0 Others 5
• Chattisgarh (3) NDA 3 UPA 0 Others 0
• Maharashtra (10) NDA 8 UPA 2 Others 0
• North East (7) NDA 4 UPA 2 Others 1
• West Bengal (3) NDA 1 UPA 0 Others 2
• Bihar (5) NDA 1 UPA 4 Others 0
• Uttar Pradesh (8) NDA 8 UPA 0 Others 0
• Jammu Kashmir (2) NDA 1 UPA 0 Others 1

So out of the total seats 96,
• NDA won 38
• UPA won 12
• Others won 46

Before ending the post today thought the number of seats that BJP holds look smaller in size one needs to go little deep. Of the 38 seats by NDA, only 27 are held by BJP which means 11 are coming from allies. So diving into the data, we must understand that in the last elections BJP went with only 1 ally (PMK) in Tamil Nadu and won 2 seats. One each shared. This way if we see, BJP has got an alliance with AIADMK now and this is going to be crucial. The mood of Tamil Nadu is quickly changing and the possibility of winning 8-10 seats is very much there for NDA.

The same way BJP is making inroads in Bihar, Bengal and Odisha where BJP tally will improve from 2014. If the results from these three states come good and in the other states if NDA holds on then we can see that NDA may win in the range of 40-45 seats. Not much time left, let’s wait and watch how the 2day of polling goes.

Bhagavadgita Chapter 18 Moksha Sannyas Yoga Verse 45

Swe swe karmanyabhiratah samsiddhim labhate narah; Swakarmaniratah siddhim yathaa vindati tacchrinu.

Each man, devoted to his own duty, attains perfection. How he attains perfection while being engaged in his own duty, hear now.

Interpretation

After talking about the duties of the four varnas ie Brahmins, Kshatriyas, Vaishyas and Shudras, Lord is here talking about the concept of perfection. Lord says that every man has to perform some duty or the other at every moment of his life. As he is devoted to his own duty he starts to attain perfection in that. Lord here also refers to the concept of attaining perfection while he is engaged in his own duty. Thus the word perfection comes here two times, once while being devoted to his duty and the other while engaged in his duty. Then Lord tells Arjuna to listen carefully how this perfection can be attained.

Extending Interpretation to Mankind’s Life!

The word one needs to focus is “own duty” or swa-dharma. What is this own duty, and how do we identify what our duty is? This is one question that Lord will answer in the coming shlokas. Not only that he is also going to talk about how a person needs to be devoted to his own duty. We see many people who when engaged in a particular activity they attain a high degree of mastery on it. I have heard story of how a kanchi sari was packed and stacked in a matchbox and sent to Queen Elizabeth. To weave a sari to fit into a matchbox is no ordinary skill and requires a very high degree of perfection. This perfection comes only through devotion and constantly doing that activity. So, let us wait what Lord says about swa-dharma and how it leads to perfection. 

Market Trade Setup 16th April #Nifty

Yesterday I was talking about Nifty closing above 11700 to give an indication that 11760 will be broken and we will go up. But the usual resistance zone of 11680-11700 was difficult to cross and it closed within the range. Better than close at the resistance than to fall and test the support. In that way, its a very positive move from Nifty, but I think we still have to wait for another day to see whether the resistance will be broken or not. Last night Dow closed in a flat to negative territory losing around 30 points and today morning Asian markets also flat with Hong Kong and Japan up within the 20 to 50 point range. Good news is Brent crude fell below 71 dollar mark trading at 70.7 dollars and the Rupee is at 69.42 to the dollar.
On the domestic front, the news of near normal monsoon came at 3.15PM yesterday and markets were least bothered. Actually, IMD needs to do some hard work and needs to come up with accurate forecasts. Last 4 years IMD got it wrong and this year IMD says that there is a 39% probability of normal monsoon while there is a 32% probability of below normal monsoon and 17% probability of drought. When you don’t have even a 40% chance of normal monsoon how can you say that it’s going to be normal and how do you think the market will believe it? This IMD forecast was thrown into junk and the market showed no reaction. The other news is good to trade data coming for March. The Trade deficit narrowed to 10.89 billion in March 2019 compared to 13.51 billion in March 2018. The best news is an 11% rise in exports to 32.5 billion while imports have gone up by only 1.44% to 43.44 billion.
On the derivative front, the only significant point we need to look at in the Futures market is the drop in the Nifty premium from 60 points to 37 points and that is almost 40% fall in premium and that was due to unwinding of long positions as Nifty touched 11700 mark and that brought the overall long positions in the futures market to 62%. In the options market however there was more demand for puts as 4 puts were sold for every call sold and 2 calls were bought for every put bought. That took the Nifty put-call ratio to 1.61 from 1.55 mark. 11650 put added maximum positions of 6.2 lakh while 11700 put added 5.5 lakh positions. 11600 put followed by 11500 puts has the highest open interest for this week’s expiry. On the call side, 4.2 lakh positions added at 11800 call and 2.7 lakh positions got added at 11700 call and 11700 call still has highest open interest but 11800 is close behind. Any up move today will add huge positions to 11800 call making it the new resistance point.
What is the Nifty call for the day?
Today Asia is flat but we are likely to open a bit positive. Point to be noted is, even though the cues were negative yesterday domestically, we did not see Nifty slipping below 11620-11650 mark and closed very close to 11700 mark. That means the election factor and BJP victory is still keeping the markets higher, fighting any negative cues. Today we have the trade data which came positive and that means we will open slightly positive between 11710-11740 zone and that brings us very close to 11761 which is the all-time high. Are we going to hit another all-time high before triggering a selloff or are we going to close above 11760?
Don’t look at losing these 60-70 point chance of making profits but watch carefully and hope that Nifty closes above 11760. Today is also the last day of campaigning for the 2nd phase polling and close above 11750 means market is still sticking to its election fundamental. So, no trade day today, just observe. Tomorrow is a holiday, we can come back on Thursday and look at how things shape.