Nifty correction not over yet, go short on any upmove: Technical analysts

It's difficult to guess support levels; Nifty could test 10,200 levels. And if these levels are breached, it could then be heading towards the 9,000-10,000-mark

With benchmark indices Nifty and Sensex falling for the third day in a row, technical analysts are increasingly finding it difficult to predict a bottom for the markets. 

The technical analysts expressed concern that if there is no meaningful recovery in the next 2-3 sessions, the Nifty could test 10,200 levels. And if these levels are breached, it could then be heading towards the 9,000-10,000-mark, they said.

“The kind of volatility we are seeing at present is typical of a bear market. The India Vix (volatility index) has gone all the way up to 20. This is seen during bear