And if anyone was holding any kind of Futures or Options contracts on the last election results date, then please share the experience. Hopefully you were on the right side of the Upper Circuit.
About this thing of election impact in 2009, I remember about my own experience and my friend's experience.
I was long with equity shares of ICICI , M&M , Tata Motors , Tata Steel.
They really gave a shot in my capital after the UC. That time I was not a futures trader. Just an investor who was impressed by some good named shares.
My friend on the other hand was trading in Options but he never bothered too much to explain me about their handling. All I knew at that time was that he has taken Options Strangle in Nifty Options [OTM Calls & Puts] comprising of 5-6 lots each. I was not aware what will this trade bring to him. He just told me about the technical name of the position & taking this as jargon I just did not pay too much heed to this.
Then came the election result & the upper circuit day after the announcement of the result. Things were very different in stock market.
This friend of mine called me up after a day or two & then told me that on this position he has made in the vicinity of Rs. 1,00,000 .
So in equities I was able to make just around Rs. 10,000 with my delivery based investment & my friend was on leverage & made big amount thanks to the positive outcome of elections. Made me quite interested to learn about derivatives from then on.
This time however election result will be a live process on a trading day so things will certainly be different.
Regards.
Adding Something Which I forgot to write: @ Pratapvb , I really like to appreciate your effort wherein you have contributed lot of knowledge at traderji forum which is certainly acquired by you after spending lot of time . Great Sharings.