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Buy in May and stay! 10 years' data suggests that May belongs to the bulls.
Anecdotal evidence suggests that bulls have had an upper hand in May. In 6 of the last 10 years, Nifty ended the month with gains to its name.
There is an old adage about ‘selling in May and going away’, but one may do well to not pay too much attention to it.
The way the Indian market climbed all walls of worry to breach key resistance levels suggests that investors will be better off buying stocks in May and holding them for a long period of time in order to create the maximum possible wealth.
While selling in May and going away may be true for US markets, it is certainly not a sound idea for India, irrespective of how fearful you may feel, experts said.
Anecdotal evidence suggests that bulls have traditionally had an upper hand in May. In 6 of the last 10 years, Nifty ended the month with gains to its name. The index rallied 20 percent in May 2009, and another 8 percent in May 2014. It rose over 4 percent each in May of both 2016 and 2017
On the other hand, the index finished in the red in 4 of the last 10 years. It fell 6.7 percent in May 2008 and by 6.2 percent in May 2012. In May of 2010 and 2011, the index slipped 2-3 percent.
Even if you were to extrapolate this trend for more than the last decade, you would find that it holds true in general. The Nifty has more often than not pleased the bulls in May.
Before you think of selling in May and going away, just remember that of the 30 individual May months we have studied since 1990, it has fallen in only 12 and risen in 18, giving an average return of 0.62 percent," V K Sharma, Head-Private Client Group (PCG) at HDFC Securities,
The Nifty hit 10,700 on Monday and is all set to reach its next crucial resistance level of 10,900-11,000. A lot of this magic has largely been led by stable earnings from India Inc. However, boiling crude oil prices, assembly elections in Karnataka and the US Federal Reserve's meeting due later this week could add to volatility in the market.
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