Once again everything is looking green, the way things have panned out in the last four weeks, it appears that in March bulls were on short term break due to tight liquidity conditions. While the local liquidity condition might improve, one thing which needs to be taken into account is that with every rise the issue of high valuation will come. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective and gets into correction mode once again, it is stocks where there has been improvements in the business operating matrix will be able to weather the storm better. 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.
In the last four months, markets have seen three different cycles. It started the year with hope of continuation of the bullish trend. Then came corrections which started in mid feb and gained momentum in the month of March. Now once again markets have once again started to move upward with better market breadth, so the third cycle. As compared to market cycles, fundamentals of an industry have different cycles. So while the market might be
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