Bears On a Run

From last few days our market has entered in a correction phase,which I feel should continue for few more days.There will be UPs and DOWNs but be careful and don't get carried away by the upward movement.You can expect strong correction in NIFTY (CMP-4882.05) which can take NIFTY upto say 4688 or even upto a level of 4611.So wait for some strong downside.For short term NIFTY should close above 5038 for upward movement.I wont recommend you to buy since it can be risky.So wait and watch......