A bounce in the mkts is clearly predictable for tomorrow, right?

dear saurav
i dont think so...
this recovery will not sustain...
just look the things around...everything is suggesting bearishness...

And I think this is a very bad wish to think it will get over with one bankruptcy or one bailout..

market is surely going to bottom out at around 3200 levels in coming times...

The world is running very scared now. There are many problems on our back I do not know which one will effect our markets more heavily but we will back to those levels of 3790, which have been our previous bottom. One has to take into account that there is going to be a bigger problem, which is unfolding out there; a drama of which we probably havenâ€™t even got to think of.
So keep your fingers crossed, keep your money and do not buy anything.

We have got a weak bounce back in India for about 4-5% from the recent lows. volatility is in peak and it can spillover and form a new low. it will spike back sharply,but it will happen in the next few days for sure.

so keep your fingers crossed, dont do silly things right now, it is not the time to be brave.

The other thing is that the fault lines are opening up everywhere so one does not know what cracks next and how deep the problem will be?

Russia has fallen 25% in three days. When a BRIC (Brazil, Russia, India, China) market losses one gets surprised whatâ€™s going?
they are closing the doors in the market temporarily so that it doesnâ€™t fall more which is not a good thing. this whole BRIC markets going to blow-up completely.
let me clear things what the BRIC countries have done; China is down 65% this year, Russia is down 54%, India is down 38%. people r getting panicking and pulling out money from the BRIC funds. I dont know whether lot of things happened or not but it seems like it is still going to happen.

Ask yourself this question â€“ if there is redemption pressure over the next few days in BRIC funds they cant do much? they can't sell in Russia where the doors closed. no one can sell in a market which is falling of 8-10% a day, one will get nothing out of it and China is also falling much from last many weeks. Where does one sell?
one has got to sell in India bcoz they have got to give money back to thier clients.
dont feel that if they sell there in brazil,russia &china they will pour it to India, they may actually end up taking money from India because this is a market which has relatively done better if u compare it with BRIC peers.

in a situations like this money goes back to their pockets only.

My point is that dont think that this fall is only because FIIs are selling. we r in a bear market, so from jan India was falling because crude. now we canâ€™t blame crude bcoz it is down to 90$/bbl.
look at some interesting data and see what FIIs sold in 2008?
They have sold Rs 34,000 crore.
domestic institutions bought Rs 55,000 crore
insurance companies have baught Rs 20,000 crore
it means local people invested more than what FIIs have sold in 2008 and we are down 38% till now...
does it making sense there? it is so silly when they tell us markets go up because FIIs buy, because FIIs are very irrational when they buy they have to buy all the quantity in one day and therefore stock prices go up but insurance company they are very sedate, they might be buying Rs 55,000 crore but they buy slowly and they buy only on dips. Therefore their money never moves the market but this is absolute hogwash. Rs 55,000 crore of money has come in from insurance companies in 2008 that buy far overwhelms, what FIIs have sold the market has gone nowhere.

this market is down because it deserves to be down because we are in a bear market because the market can see things, which analyst cannot at this point in time. So it is not about crude or FIIs, they are all important reason but that is not the single most important reason, why this market is falling because it is simply in a bear market.