After the recent hit, there has been a bounce back in Nifty and sensex. Along with them there has also been an improvement in the market breadth But not enough to say that bears have once again have been beaten. At this point of time, one cannot rule out more profit booking which might emerge from global factors. The probability that the damage to stock prices in the mid-cap segment is still higher cannot be ruled out. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. 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. This implies that there has been a significant improvement in their market outlook in the given time frame.