Markets are at a juncture where weekly outlook would not be very helpful. Market participation has reduced and a range-bound movement at lower levels is anticipated. Stock picking with very long term perspective is being suggested with every fall.

This is not to say that capitulation is over. There can be another bout of selling because the consensus is that the bottom is not in place yet. The worry is not about the selling but the time scale. In other words, we have moved ahead from denial phase to the fear phase. This fear phase could cause another bout of large scale selling...but when? There is no answer to that!

Small relief rallies would take place intermittently.

In the given scenario, there would only be updates on daily basis until markets stabilise.
Please keep a check with updates.