History repeats itself, and so do chart styles. Searching on the Nifty 50 daily chart may be found that the modern-day scenario may end up the replicate photograph of 2009. UPA 
emerged effectively in the 2009 general election. The Indian inventory market celebrated the event with an upper freeze in a single day observed with the bull-run aid that continued for the subsequent 18 months. But, the marketplace went through a difficult phase earlier than experiencing such euphoria.
Deep cuts were witnessed in September-October 2008, accompanied with the aid of sideways dull market from October 2008 to March 2009, and subsequently, the consolidation resulted in a pre-election rally.
The identical scenario was repeated in 2018-19 till now, which shows that this could improve in the May series with a sharp pass, and the ruling birthday party may stay in power once again.
In the current scenario, we can’t forget about the importance of the “Time Cycle” as chart examine has come under elements: the primary is “Price Factor,” and any other one is “Time Factor,” which is frequently ignored.
As consistent with the Time Cycle, later 1/2 of the May and October has its own importance. Usually, the essential move has taken location throughout this period in either path. These movements show the significance of the time cycle:
MAY
17 May 2004: One of the main falls within the records of the inventory market. Nifty crashed greater than 19 percent in 2 days (surprising defeat of NDA).
18-20 May 2006: One of the largest falls in records. Nifty registered a loss of 20 percent in 3 days.
18 May 2009: The market witnessed 2 higher circuits in an unmarried day.
24 May 2016 to 30 May 2016: Nifty witnessed an up move of extra than 480 points
15 May 2018 to 23 May 2018: Nifty fell greater than 500 factors
OCTOBER
27 Oct 2008: Indian market registered the lowest low of 2008 undergo market.
27 Oct 2009- 3 Nov (1 st trading session of the month): Nifty fell by 8.Five percent in 5 days from (4970 to 4538).
29 Oct 2010 – 5 Nov 2010: Market rallied extra than 6.5 percent and given 4 holes in 6 buying and selling sessions (from 5937.1- 6338.Five).
28 Oct 2011: Nifty opened the hole up and made a brief-term top. And fell by using greater than 14 percentage in 1 month.
26 Oct 2015: Nifty registered a short time period top of 8336.3 and fell extra than 6 percent in the next 10 trading periods.
28 Oct 1929: The largest melancholy ever in the records of the worldwide marketplace but the lowest low of 1929
fall changed into registered in this date. The deadliest black Tuesday ever.
If we put the things into attitude and encompass the chart pattern and time cycle into the look at, then it would not be an exaggeration to say that the May series should emerge as a duplicate of 2009.
Looking at the anticipated volatility, we believe that the FMCG zone is supplying decent hazard-praise possibility, and our top bets could be Dabur, Colgate Palmolive, Godrej Industries, Marico, and HUL.
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