What do you feel is happening in markets right now, stocks bounced back yesterday but is that sustainable?

Yes, the markets are not going to have too much of negative side from the current levels because already there has been significant correction in terms of pricing over the last couple of weeks.

There would be some amount of consolidation at these levels and there could be minor fall back. Otherwise, the market should first consolidate and wait for budget, then based on how budget is the further upside for the markets will emerge.