People are getting sick of these bailouts because many think that this is not the right approach. It is just not helping the economies to find the bottom on their own. Please click here to read a viewpoint.

Supports for Nifty are at 2760 and then at 2660.
Hold the "short term" long positions with stop at 2760.
Fresh buying on decline to 2500-2660 levels could be considered for medium term investing though, a big rally is not in sight for the moment.
But the markets are "sell on rise" with stop at 10200/3050 on sensex/nifty.
Outlook of Stocksweekly is still relevant!