Lok Sabha Election Results will be Declared tomorrow.In Case of NDA Not coming to power we might see market reacting in an irrational Manner on downside or NDA Coming with an overwhelming majority we can see irrational reaction on upside .
We have hit 1 20% and 1 10% circuit after Lok Sabha Election were declared on 16 May 2009.
Lets be prepared with the circuit limit of the market as per NSE
The index-based market-wide circuit breaker system applies at 3 stages of the index movement, either way viz. at 10%, 15% and 20%. These circuit breakers when triggered bring about a coordinated trading halt in all equity and equity derivative markets nationwide.
The market shall re-open, after index based market-wide circuit filter breach, with a pre-open call auction session. The extent of duration of the market halt and pre-open session is as given below: