Synopsis
After many months or one may even say that after a gap of a year, Indian markets got a reminder that global markets also matter. But there are some good learnings from this week’s episode. After all the volatility we are still the best performing market, so bears will have to wait before they can make any serious attempt to control the street. But because valuations are high, it would be better to still be cautious both the amount of exposure one is taking and more importantly the stocks which one is buying should have good fundamentals and the score should have seen some improvement. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame.
In the last one week, after all the volatility, it was market breadth which stood out even more than the absolute movement of both nifty and sensex. Except on Monday where there was mayhem the market breadth has remained largely positive. The only thing which at this point of time is going against the bulls is that valuations wise despite the fact that if one takes into consideration the Q1 numbers.So, while being bullish be cautious also if you
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