Key Points
While the nifty and sensex have been touching new highs, if one looks at the market breadth, it is showing signs of profit booking..
The way things are panning out, it is clear that divergence between what is happening to nifty and the broader market level might continue further..
Nifty which has underperformed mid and small cap indices is witnessing a catch up..
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..
As far as Nifty is concerned it appears to be out of reach of bears, but when it comes to broader market and specially midcap segment, they can be sighted more often in the last two weeks..
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