check for bounce - for a small long target.

Just check all markets.  No need for analysis. Only one look says all.  You cannot say with any words.  Globe is in red. Now, if you are in puts enjoy and just try to come out today.  But do not buy calls and wait for another opportunity.  Else, if markets come down -5% (nifty 3658) or -10% (nifty 3465) buy calls at 200 points above with a small forgettable money.

Our DIIs will come to rescue at some time but we cannot exactly predict.  We have to check on the spot on intra day basis. Investors who held stocks may wait for 2 years.  Traders have to trade for small ranges with strict stop loss. 

Some opportunities will come only in panic but but but the risk is 100%. Do not forget risk.