It is clear both indices, nifty, sensex and market breadth are under the control of bulls. As indices form new highs, probably we are going to see a phase, where the momentum itself becomes fuel to fresh money coming to the markets. The profit booking which may take place is likely to make index moving in sideways range. One or the other sector which forms part of the indices will keep coming and witnessing up move or down move on a rotational basis. One day IT stocks will handle the decline, other day it would be banks and the balance is maintained. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
