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Strategy

Poll vault: Here is what traders expect as counting progresses

Poll vault: Here is what traders expect as counting progresses
Poll vault: Here is what traders expect as counting progresses
Courtesy of Lexica.

Synopsis

Sensex crashes over 4,000 points as initial numbers go against the market sentiment. How should traders navigate the swings? Here is a list of trading approaches they can use as the day unfolds.

It is that day, when thousands of electronic voting machines (EVMs) reveal what Indian people want, politically, for the next 5 years. As traders read this, neither will the results be fully clear, nor will the markets be open for trading. But some traders have already prepared themselves. Vithal Shinde is one of them. He is a Pune-based veteran trader, didn’t want to sit on the fence during a big event. Right after the exit polls for the Indian
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