Domestic cues pulled Nifty down, not global: Sampriti Cap

Sandeep J Shah, chief executive officer at Sampriti Capital spoke to CNBC-TV18 about his expectations of the market today.

Below is the edited transcript of the interview. Also watch the accompanying video. Q: Terrible close on Friday breaking below 4700. Is there more pain ahead?
A: I had said that we would be selling the market between 5000-5200, and the market actually has corrected from 5100 levels. I remember I was asked whether I made a mistake and I meant 5200-5400- I said no. I did mean 5000-5200.
Well, 4400-4600 is a level that we went talking about for the past five-six months and is been something that I have been saying for sometime that we will see a 30% correction. You can't see a bear market without at least a 30% correction. So that