Big investors have a hollow feeling of watching the train pulling away 

In our previous issue, I had said that there are chances of heading for a serious market decline. But if the Sensex continued to rally, it would hit 13,000. What happened was truly amazing. On Friday 15th May, before the counting of election results began, the Sensex closed at 12,173. Over the weekend, it became clear...

Newly converted bulls may be headed for a frustrating time

In our previous issue, we had said we expect this rally to go past 12,000 – possibly beyond. The Sensex closed at 12,173 in the week ended 15th May. We had also said that we cannot see a turning point for this market because sentiment as well as liquidity is at very high levels and they form a potent mix for the bulls. We had said...

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...