Tuesday, May 1, 2018
Grahanila(Planetary positions) as on 1st May 2018
From the high of 11172(29-Jan-18) Nifty moved down to 9952(23-Mar-18), retraced to 10759 (66.15%) and moving in the M1 range(refer charts posted on 30-Apr-18). Jupiter and Saturn are in retrograde in May. Historically stock markets will be on top when Sun is at its high ie. Aries and at low when Sun is in Libra. That's why the popular adage "Sell in May and Go Away". 'Sell In May And Go Away' : A well-known trading adage that warns investors to sell their stock holdings in May to avoid a seasonal decline in equity markets. The "sell in May and go away" strategy is that an investor who sells his or her stock holdings in May and gets back into the equity market in November - thereby avoiding the typically volatile May-October period - would be much better off than an investor who stays in equities throughout the year. Booking a part of profit is advisable.