Market seems to be resisting June 5, 2004 low(Modi being re-elected)

I just noticed that market has just made a movement from the election result day. June 4 had massive dip, and June 5 though started with dip in the initial hour but later on recover it knowing who will be in the power. Some of the chart showing indication - NiftyMidcap150 [midcap150](https://preview.redd.it/joqc19gelnie1.jpg?width=1422&format=pjpg&auto=webp&s=4ddcf39e8c2f80b750b9e3bc001799d63d3ded49) [smallcap250](https://preview.redd.it/60jadz5jmnie1.jpg?width=924&format=pjpg&auto=webp&s=6abe3114ba7a5511481750ce90fe2d900dd600b2) We can see the turn of market just before June 5. Either it could be coincidence or just market thinks the value increase in midcap and smallcap segment needed correction. Of course quaterly result has not been positive so far nor GDP growth of India compare to last few years. Though microcap250(does it matters?) and Nifty500 has yet to reach that. So not sure will it fall more? I don't know. But try to have some capital and wait for massive upturn to average out or buy new stocks(good ones) [nifty500](https://preview.redd.it/xobwf94hmnie1.jpg?width=946&format=pjpg&auto=webp&s=b744e58e74df73035ec6d39e7153c57cb5677217) [microcap250](https://preview.redd.it/dazto2o8nnie1.jpg?width=922&format=pjpg&auto=webp&s=92b047f54294c37e85b686c05134e3b66235e2d3)