With India VIX jumping 43% in May, market participants are advised to be cautious and adopt a wait and watch policy. Senior Vice President-Equity at Angel One, Aamar Deo Singh, recommends focusing on quality stocks with a longer-term perspective in an SIP mode. He discusses the impact of the election results, upcoming levels to watch, earnings performance, and suggests options for investors and traders in various sectors. Singh also gives insights into regulatory actions and the trend in PSU stocks, defence sector, smallcaps and microcaps, and specific stock recommendations.