Indian markets, which witnessed huge unpredictability in the last couple of days, will continue to remain under-pressure in the coming days. Dealers in the market say, central bank?s measures to pump in liquidity and encourage growth, might have some positive impacts in the domestic markets.

On Saturday, Reserve Bank of India (RBI) announced slew of measures to attract foreign currency deposits and boost liquidity to mutual funds, non-banking finance companies and exporters. However, weak closing of US markets on Friday might have a negative blow on Indian bourses on Monday.

An analyst from the leading broking house said, ?Indian markets will look at West for the cues in the coming days, as there is no major event which will have any impact on the markets in the coming days. In the past weeks we saw markets remaining volatile despite dipping inflation and improved IIP data, so we see more pain in the coming days.?

Last week, 30-share Sensex of Bombay Stock Exchange (BSE) lost 578.87 points or 5.80% and closed at 9,385.42 points on Friday, last trading day of previous week. While the broader S&P CNX Nifty of National Stock Exchange (NSE) was down by 162.65 points or 5.47& and ended at 2,810.35 points last Friday.

However some analyst believe that, in the coming days we might not witness huge selling from the foreign institutional investors (FII) as they will be back only after Christmas. Anita Gandhi, head of business institutional at Arihant Capital Markets said, ?We think that FII?s will not have intense selling, which we had witnessed in October because they have closed their books for the year. Apart from that, there might be another bail out package in US in the coming months, so we assume that markets will have a short-term rally in the coming days.?

But some analyst believe that short term positive rally in expected, but heavy selling witnessed after every rise in the markets, as investors are still hesitant to take positions as the dismal world economic outlook has outdo the positive news in the markets, might make the markets more unstable.