1. Give me some useful tips on India stock market which I can use while trading.
Ans. While trading in stock markets or in any other markets one should always remember that losses are part of the system, so take them as part of your business of stock trading. Take small losses objectively and you should not be emotional about them. Try to have a stop loss in your mind before you enter a position even if it is shorting the stock. If you are not disciplined to take small losses, don't be in trading. Remember that staying with a losing position is punishing yourself psychologically as the opportunity to trade in another stock is lost. 70% of your trading is testing of your psychological skills. The markets test your psychological nerves to make you out of the main trend of the stock market. The stock price stays where it is, but people either give losses and leave or are unable to trade without a strategy. 
While trading there are two types of capital namely - 
Psychological capital and
Money capital
Psychological capital if once lost, then the money capital soon follows. (Psychological capital has more to do with one's mental make up and control over himself)
Try to do a partial profit taking by booking a profit in 25% of your position once it reaches a certain level and then again do a profit taking of next 25% once it reaches your next level. Similarly take your stop loss higher.

2.  How do I know that the stock markets are coming out of a bearish phase, making a bottom and that I should start buying stocks. What should be my strategy once the markets are turning bullish?
Ans. When the markets are near the bottom, the index starts losing momentum of the fall and the most important observation at that time one should try to make is that when the index makes a new bottom, a lot of cash stocks will be making higher bottom or lows. (Note down this list of stocks which are making higher lows and start taking a 25% exposure of your capital in these stocks). Once a higher bottom higher top is formed on index, then take an aggressive position in those cash stocks and hold them till you do not find problem in the index at higher levels. The stop loss will be the previous bottom of the index. Remember that in stock markets one can't be certain of anything and it is only the possibilities and probability you have to see. But while trading always try to have a good risk reward ratio, i.e. reward should be more than risk.

3.What is the significance of number 3 in the stock markets in India?
Ans. The number 3 has a lot of significance as you have a bull market, a bear market or a side ways market. Normally a good rally or a good fall lasts for 3 months or 3 weeks or 3 days and after that the counter rally starts.

4. How can we come to know that the Indian stock  market or for that matter any stock market around the world is near the top?
Ans. When markets are near a top, there is extreme optimism in the minds of the investing public. All good news is coming in the stock markets and at times the stocks suddenly go up by 20% and there are sudden blow offs to take an immediate dip. Do not try to short stocks early at the top as the stop loss is generally triggered very fast. Have patience. Rather start observing the 52 week high, new 52 week low ratio to see if new 52 week highs are reducing. Also keep observing the advance decline ratio as it will tell the health of the stock market at the top. Normally a bull market does not reverse overnight but takes at least 3 months to top off.

5. Can you please elaborate on the psychology of trading which any trader or investor should keep in mind while trading in stock markets ?
Ans. The 3 most important elements which you need to have control over and conquer them are HOPE, FEAR and GREED.
At times it has been seen that even though you are able to develop a good system, you get early signals to trade, yet you loose. It is because that you are psychologically still not fit to trade. There is some difference between other business traders and a stock trader. In other businesses you need to control your sales, production and you start making profits which might be more or less, whereas a stock trader does not know whether he will have a profit or a loss on each trade as the chances of making profits or losses are equal. A stock trader should normally go with the direction or trend of the market. One should never hope that the stock will go up without a valid reason and evidence. Do not go on holding to losing stock only hoping that it will go down or go up as per your wish. Hope will only make you hopeless.      
HOPE IS A GOOD BREAKFAST,
BUT A BAD SUPPER.
Fear of missing the move will make you enter the stock market early and will take you out by the time really starts.
Greed will always make you over trade. A greedy person will try to borrow and take more risky moves to get more profits which will give rise to his fear of losing. Never let ego come into your trading as once you are convinced that stock will go up, then no matter you will not accept the fact that it can come down also which will give you a lot of losses. Be always ready to admit your mistakes.