Are you confused about market whether it is BULLISH or BEARISH ??? Read following Data
For long we have only been skeptical:
1. 3 yr back Indian Macro was a concern not anymore
2. Policy logjam was an issue now its too ambitious reforms
3. Inflation was too high not anymore
4. Currency was depreciating now despite of USD strength against most currencies INR is steady
5. Forex reserves and oil prices both in or favor
6. Corporate earnings missing but pockets of success and green shoots visible
7. Much needed tax reforms underway
8. Markets have retraced faster on 2 critical accounts in past 1 year
9. Not too many Nifty stocks at their peak.
10. Nifty itself available at prices of 2 year back.
The list is not exhaustive though. I'm off the view that a multi year bull run is borne catch it before it's too late. Markets have never become obvious until it's late in the rally.
These media articles are noises we need to take in stride but act maturely.
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