Synopsis
While bulls were a confident lot after the election results, with every trading session they are once again moving to take control of every corner of the street. How the market reacted to the increase in capital gain taxes was the first indication and probably Friday’s session is another strong confirmation. There are good reasons to believe that until there is some development in the international markets, it is bulls who will remain in control of the street. So, stay bullish, But it would be better to focus on fundamentals and if there is any improvement in them which has made the overall score go up in the last one month then have a look at those stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. 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.
Indian markets are in a state where the bulls are continuing to push valuations from fairly valued to overpriced territory and everyone, from government to regulator to seasoned investors are getting worried. The fact is that the market can remain in an extreme zone for a very long period. There is no reason why one has to be compulsorily bearish, just because the index has reached a particular level. In todayβs market, stay bullish and just it
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