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    For bearish bias in volatile market: 5 largecap stocks from different sectors with upside potential of up to 35%

    Synopsis

    Even markets are volatile, there is an underlying bias to volatility, it could be bullish or bearish. This bias is reflected in two things, first the market breadth which is essentially how many stocks are moving upward or downward. On a large number of days, market breadth is showing that its bias is toward bears. Because this correction is coming at a time when the global situation is not so good, both in terms of interest rate and also higher geopolitical risks, it would be better that “caution” should be added when decisions are taken about investing and sticking to largecap. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks that fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

    Ranging from high valuation to event risks in the current quarter in terms of state elections, Indian markets have been dealing with their own set of risks. These are beside the global issues, both geo- political tension and high probability of hike in US interest rates. Whether this will lead to bears coming out of hibernation or is it just another round of correction which will last for a few weeks and then the party begins once again. Rather
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    The Economic Times