



"As expected and predicted by exit polls the BJP is going to form the government again. Markets had rallied on Monday and today after the trends started confirming BJP's win Sensex and Nifty hit their new highs," Romesh Tiwari, head of research at CapitalAim said in a note.





But now the market will have to catch up with ground realities of the economy and global factors. Global markets are showing weakness due to US-China trade worries and so our market may settle down or even turn negative in the short term. Traders must stay cautious now, Mr Tiwari said.





Looking at technicals, Nifty has support around 11,730, breaching it on downside might result in more downside towards 11,600, On the upside, any close above 11,800 may take the Nifty above 12,000. Infra and Banking sector may give good returns on the upside. We are positive on DLF, Yes Bank, IndusInd Bank, he added.



