Buffett doesn't appear to be bullish about the stock market. However, he hasn't predicted a stock market crash this year for one simple reason. Buffett's words and actions show that preparation beats prediction.

The Indian stock market has been down for the last five sessions. On Tuesday, the Sensex closed 1,018 points, or 1.32 per cent, down at 76,293.60, while the Nifty 50 settled 311 points, or 1.33 per cent,

As per Nifty charts, a break below 22,970 could trigger another steep correction, exacerbating the selling momentum in India stock markets