Synopsis
Here’s a phrase that aptly describes current market conditions: “Bulls and consolidation coexisting peacefully.” The Nifty is at an all-time high. There are shallow corrections, with the market breadth remaining positive in most sessions. And there is rotational profit-booking. Essentially, all elements that can push the existing bullish sentiment are already in place. The only problem: Every upward movement makes valuations more expensive. So, stay bullish and be watchful of what you are buying. Also, in the short term, focus on tactical investing more than anything else. These selected stocks have a strong upward trajectory in their overall average scores. This implies that there has been significant improvement in their market outlook in the given time frame.
While small profit-booking moves with one or the other sector witnessing corrections cannot be ruled out, the chances are that the broader market mode and mood will remain bullish. Headlines about the Nifty touching a new high or crossing a certain level are likely to dominate. It is also probably a time to take some profit off the table. Consider this example. An investor has exposure to both large- and mid-cap stocks from the same sector. It
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