Fundamental reasons may be right why we might fall
Technically, market may take sharp upmove and see a bigger correction later
Sad part is that participation is bad - among stocks - some stocks haven't moved at all
Upmove limited to some stocks
Nifty might go to 5500 and then sharp upmove
Would be worried
1. If move is limited to few stocks
2. If move doesn't lead to higher top
Market is segmented