Charts suggest that INDIA and CHINA would be up for grabs at the slightest signs of recovery.

We are in a bear market rally though, U.S. and Europe are not showing any signs of enjoying this rally fully. They may remain in sideways mode with positive bias over the near term.
We should bear in mind that the world economy is not out of the woods and the given long term down targets in stocksweekly are still valid. Ride this rally with caution and later accumulate short positions at higher levels.

Stocksweekly is still relevant. Trade accordingly. Sensex could be headed towards 10000+ in the days ahead.