Nifty starts to correct from "OB" levels..

The -ve div in the "OB" area got confirmed by a break below 3070 at the open and Nifty kept sliding down and stopped just at the channel bottom.
After the weekly's continued uptrend, the daily has turned down which can take it down upto 2915 or 2860 area with brief bounces and rallies. The more time it takes to trade these points will point to a correction but a quicker fall will put a question mark on this uptrend. So trade light on these points till the correction shows +ve div or a breakdown occurs below 2860.