The Bank Nifty wasn’t far behind in punishing some big names that declared results. One of the public sector banks gave up nearly 5 per cent on the open on Wednesday and the Bank Nifty index almost seemed like it was going to break the crucial 34,000 support mark. However, the bounce came at 34,115 and the market was able to close at 34,532. Is the correction over? Well, I’m not a betting man and even if I was, this is not one wager I’m willing to make. You see in the last few days; in fact, weeks I’ve seen even the most seasoned pundits get it so wrong. So, like in the weeks gone by, I continue to say, keep your exposure light until we have stronger signals on the direction the market may take. If the market does crack, you’ll have the cash to get back in and if the market does show signs that the correction is over and starts to rise, well then you can come back in albeit at a slightly higher price. Meanwhile, at least you will sleep well at night and not get too stressed wondering about what the Dow Jones is doing at some unearthly hour.