Stocks are likely to flicker sideways with downward bias:
``The local stocks are likely to flicker sideways with downward bias and pare gains as June futures seeing some of the best monthly returns near expiry. What comes down goes up and what goes up comes down, always,`` said Ashok Jainani, vice president, head research, Khandwala Securities, while commenting on the outlook.
After moving substantially higher over the course of the previous session, stocks could see some further upside in early trading on Friday.