You see for obvious reasons, market is weak. Even the month of may does not augur well for the market. The reason being that rupee is at its 3-4 months low, 4th quarter results have not given any surprises although I could sense it long back and the policy paralysis on the part of government are taking their own toll. Even globally, we have concerns in the form of political development in Europe (post elections) and lingering economic shadows of France and Greece.
I think Nifty should hover between 5000 & 5200. I guess, while buying during May, one should be stock specific.
Kingfisher could well be advisable but, better to avail a correction which could be of moderate nature.
No doubt the Indian Industry is bracing for tough days, there is a fall in Exports due to poor demand from Europe, the current account deficit is worrying to the policy makers and economist. There is little growth or no growth in Cement, Coal, Steel, Electricity, Fertilisers, Oil and Gas sectors, but the market may improve in the coming days.
I will keep some good shares, others I will sell on rally.
In being conservative n pessimistic to some extent, I would like to say that, apart from the valuations not been on expected lines, crude may raise it head which would not be a healthy sign for us take note of. And that being the case, I do not expect any fire-works during this month (May). There would be a noticeable upmove but, we cannot expect Nifty to make swift come back. The maximum numbers that it can vie for are 5500. As such, it would just be in fitness of things that, wherever we find that, reasonable profit has been accrued, make an exit. To be very precise, sell on rally.
The market should give good response in the next week, the flow of Foreign investment in the market may increase in the coming days. The govt. is delaying the required reforms and that is affecting the market sentiments.
I cannot say, we can always, but,one must realise the predicament of fellow beings and should practically remain un-biased. And, it should be much more mandatory on a virtual board. Perhaps, we shy - away.