Markets: Continue at the sidelines by Nishit Vadhavkar

That was March 1st and today is April 1st. The scenario has played out more or less as predicted.

Things are gonna get loot worst than better.

i would suggest please do not touch Vakrangee or any small stock right now.

Even Air Deccan wait till it hits Rs 75.

The tightening by the RBI will hit banks, autos and real estates.

Cement, sugar and steel are already hit by the government.

IT strengthening rupee is lining up for a hit.

So what remains to provide support to the market? The telecoms and Reliance.

Oil has slipped back upto mid 60s level. The oil marketing companies will continue to bleed.

The only bright spot in the markets remain the telecom companies.

Its time to go on a vacation, forget about the markets and lets see after the UP elections.

Since february, all that I have in my portfolio is cash and I flex. I didnt make much money but did not lose anything.

Come may-June and its time to buy. Capital preservation is the fundamental rule of stock markets.

For past 4 months, I have not been holding a single real estate stock since I dont believe in crazy land bank valuations.