Synopsis
With each passing session, it is clear the bulls are returning. The way market breadth has improved, it is evident that more segments of the market are participating in the recovery kicked off after the second week of March. So, being bullish is good, but being selective is equally important as global events can still bring back volatility. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
During Friday’s trading session, the market breadth was largely good. Mind you we are using the word “good”, because Friday was the day of management of NAVs. Both for the quarter and also for year-end. And it appears that the bulls were able to do it. And if there is no major issue in the global financial markets, the probability of bulls taking control of all segments of the market is high. The only thing going against them is valuations. Even
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