Hi Om Sai,
All the Best for your trade...My 2 cents@ election results....For 2009 election market just reversed to up trend from a severe bear trend a month or 2 before election results...Now the market is already @ reasonable levels for the macros as on date...And on Long Term charts its in a sideways broadening pattern....so probability of a good move on the 2009 election results day were good...but the odds are against the kind of trade you are planing now...Market has already priced in BJP_govt with other parties support, if BJP could form govt on its own, Nifty may move 3 to 5%...but not more than that...Mkt has learnt its lesson from UPA2...election results rally...pinning its hopes on manmohanji, PC and pranab da and the reforms they will bring in...
My gut feeling is election results day may be a non event day for the market...this time...Any way all the best for your trade...:lol: