Should you follow the old market saying, ‘When in May, sell and go away’?

Markets are on a tear globally. The Sensex is up 40% from its lows and is now one of the bestperforming markets during this rally. In our previous issue, we had suggested that the market was ripe for a pullback; the levels to watch out for were 10,900, 10,600 and 10,100. In the event, we did get a pullback; the Sensex...