The early arrival of the Southwest monsoon in Kerala, advancing into most parts of Northeast India, is the biggest positive catalyst this Friday. However, May saw Nifty and its stocks lose significant gains, and election jitters continue to rattle markets, emphasizing caution. Key events to watch include the US PCE inflation data release at 6 PM IST and exit polls starting on June 1st at 6:30 PM IST. A narrow BJP victory might hinder bold reforms, with Nifty potentially dipping to its 200 DMA at 21,000, while a larger win (360-390 seats) could spark a rally towards 23500+. Today's market is expected to be highly volatile.
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