DOW, FTSE and HANGSENG are not out of the woods yet, as per the stocksweekly levels. JAPAN and INDIA are in a much better position, whereas, CHINA was already in a positive mode. India, Japan and China are buy on decline with stop losses, of course!

Traders on BSE Sensex/Nifty may go long with short term stop loss at 9275/2895 and medium term stop 8867/2778. Or one can also buy on decline near the given first levels, depending upon the market sentiment.
New stop loss for Nikkei Japan is 7760 and Shanghai China is 2202

There is some semblence of confidence in the markets and a hope of bear market rally soon. But this sentiment would depend more on the forthcoming economic data rather than technical levels, though the technical indicators also have greater significance to the traders.

The outlook of stocksweekly is still relevant. Trade accordingly!