Jaganji,
My knowledge about politics and economics is practically zero.
As far as gap of Nifty open is concerned, I just asked my computer to give list of those dates where gap was more than 100 and it gave following data (I am talking about the entire history of NSE).
Code:
Date Open Prev Day Close Gap
15.03.2011 5,420.00 5,531.50 -111.50
05.08.2011 5,204.35 5,331.80 -127.45
08.08.2011 5,083.85 5,211.25 -127.40
09.08.2011 4,947.90 5,118.50 -170.60
10.08.2011 5,196.55 5,072.85 123.70
02.09.2011 5,109.80 5,001.00 108.80
07.10.2011 4,883.65 4,751.30 132.35
28.10.2011 5,341.90 5,201.80 140.10
01.12.2011 4,970.85 4,832.05 138.80
16.07.2013 5,930.80 6,030.80 -100.00
05.09.2013 5,553.75 5,448.10 105.65
19.09.2013 6,044.15 5,899.45 144.70
From the above list, it is clear that nifty opened with gap of 100 and above 12 times (9 times in 2011 and 3 times in 2013). Five times, the gap was negative and 7 times, the gap was positive.
I shall be thankful if you can tell me which date coincides with the election date or election result.
Even if Nifty opens with gap on 9th December, the options are not expiring on 9th December, there is still time till 26th December.
Though, I firmly believe that loss should be reduced to as small as possible, I also believe, there is no need to get panicky and be cool and calm. Most of the time, market gives enough opportunity to adjust / reduce / limit your losses.:thumb: