KYI: What stocks must you buy or sell to get max returns?

The market, experts say, are heavily overbought, meaning stocks have shot up to such levels that the fundamentals have been left far behind. This generally indicates a correction, but interestingly, the Nifty is showing no signs of a downtrend just yet.

Over the fortnight, the benchmark index has nestled comfortably above the 5500 mark, with returns of 3.4% on a weekly basis and returning 12% over the month! On a three-year basis, the returns from Nifty is above 100%! So what is the way ahead? Where should you park your capital?
Siddharth Sedani, AVP (Portfolio Management Service) at Microsec Capital answered investor queries sent to us on our Facebook Page. Check out his answers. Below are the chosen questions and the answers from the expert. Ashish Gupta: Is it prudent to purchase Kingfisher shares with a 3-4 month perspective?
A: KFA has high debts in its books and trying to take out a mid-way to restructure loans with the banks. Fund infusion by the promoter remains a crucial issue for effective running of the business. In addition, interest cost continued to remain higher on account of rise in debt burden. Although, the sector got few of positives like ATF imports and 49% FDI which improves long term growth. Hence, for medium-term, KFA should be avoided.  Nikhil Bansal: I am a long-term investor. I have Reliance averaged at Rs 900 in five-years time. Where do you see the stock in next 12-months?
A: Reliance sold 30% stake in 21 fields to BP for USD 7.2 billion last year and has sought Government