Equity calls: Kapoor, Sharma

Vibhav Kapoor, IL&FS: The market looks oversold and I expect a bounce in the next few days. But any bounce will be short lived as the sentiment is poor and the news flow remains negative. Investors can selectively buy large cap liquid stocks at current levels for short-term gains. The Nifty is likely to bottom around 3900 in the near-term.

VK Sharma, Anagram Stock Broking: I expect more pain in the market with selling pressure likely in Reliance, Rel Comm and Bharti. The market may continue to be in oversold zone. The expected bounceback may not happen.