
Synopsis
As the indices gain strength and market breadth stays positive, the bulls are surely on the front foot. While April 2 remains an event risk, it is probably time to be selectively bullish. Some old large-cap private banks are making a comeback. This suggests that stocks with high FPI holdings are not seeing any fresh selling, at least in the financial services space. But do remember that FPIs have still not turned out to be big buyers. So, while being bullish, be a bit patient as well. 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.
The way market breadth is panning out, it appears that the bulls might make a strong comeback attempt. It is thus time to increase the bullish bias in your decision-making. At the same time, ensure that you are taking exposure to sectors where there has been some positive macro or fundamental development. Because, finally, that is what matters.Here are a couple of things you should take into consideration before making any buy/sell decision.
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