Rate cut by RBI, a hope of some stimulus from China and some short covering in DOW and other markets could keep us buoyant today. But the confidence is too low and people are not buying. There is no change in the outlook that it still is "sell on rise" situation.
The world may be focused on the U.S. economy only but there are some talks making rounds about worst than that situation for financial institutions of some leading countries of the Europe -not less than the Iceland kind of situation. So, the things are certainly not very clear and neither is there any desire of the governments to come out with true picture. Or perhaps, even the the governments are groping in the dark!

The outlook of stocksweekly is still relevant.
But tomorrow's closing would give a better picture for the next couple of weeks.