Given the market’s continuing decline, here’s a question you may want an answer to: How do you figure out whether the bears are losing steam? Well, there’s no foolproof way, but one signal that the market is close to bottoming is when two companies from the same sector show divergent trends on a bearish day. For example: M&M declines, but Maruti does not. This suggests the selling is stock-specific, rather than sector-specific. And sector-specific selling is a more bearish indication. So keep a look out for such divergence. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: 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.
