Just do a small test. What would have been your reaction if nifty would have touched the 25,000 mark? Would you have felt more bullish or would have felt that because the nifty has moved so high, how far it can go and postpone your buying decision. The problem with looking at an index and feeling bullish or bearish is the fact that the index is a collection, so if you felt scared then probably when nifty touched 20,000 the same feeling might have gripped you and missed an opportunity. If you felt over bullish and invested in an FMCG stock probably your returns are suboptimal in the journey of Nifty from 20,000 to 25,000. The reason to be bullish has to be growth of the economy and the reason for selecting a stock has to be good business, management and growth of the company. Don't be afraid to be bullish but do a bit of simple work and enjoy the growth of the Indian economy.
