Synopsis
Given the state of the street, what needs to be watched most is market breadth. How many stocks are rising? How many are falling? Market breadth will tell us how things will pan out in the near term. If it stays positive, you can probably even ignore what is happening to the Nifty. Also, since the results season is on, it would be good if you look at the Q4 numbers before making any decision. 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.
Shrugging off uncertainty, the street is now clearly siding with the bulls. Nothing wrong with this. But, as an investor in the current market, there are a couple of things you need to take care of before making any investment decision. There are two reasons for our cautious stand. For one, it is clear that an Indo-US trade deal is almost done; and that is a positive. It is, however, still not clear if things are ok in other parts of the world
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