As the Nifty touches a new high, the market breadth is also getting better, though Q1 has made the Street get into stocks specific mode. But clearly the underlying mood of the market is bullish and at this point of time there is no reason to believe that the long term trend will change. This essentially means the “risk on trade”, which took a pause for a while, is back on the Street. Keep an eye on liquidity and the market breadth in the next few weeks as that will determine what happens to mid-cap stocks in the medium term. 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". This predefined screener is only available to ET Prime users.
