The markets topped out at 38989 odd levels last month and have been in a downtrend since then, interspaced by brief and short-lived rallies.
The near term downtrend will not end before we see 35250/10650.Whether we correct further from the levels of 35250/10650 is a question that we will answer when we reach there.
For now, every rally/rise is an opportunity to short the the NIFTY & BANKNIFTY, while looking at selective stock-specific opportunities.