Election results shot in arms for Govt, positive for market: Aamar Deo

"Exit polls of the states and the current outcome appear to be in line, which is a shot in the arm for the central government. This is also positive for the markets. Overall, once we witness Bank Nifty hitting all-time highs, that is trading above the 46,370 mark, which is roughly 3% from current levels, we could see strengthening of the current rally. Nifty will run into resistance around the 20,550-20,650 mark whereas support is seen around the 20,000 mark."

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