Mkt still on thin ice; may see 4500 by Dec end: P Lilladher

"The market will continue to remain extremely vulnerable," said Dilip Bhat, joint managing director of Prabhudas Lilladher. Erasing possibilities of any strength to be seen in the market, Bhat cautioned that downgrades now seems to be looming large on the Indian shores.

In an interview to CNBC-TV18, he further said that there is 'nothing' at the moment that is inspiring the markets to break on the upward side. "I think the market will remain very vulnerable and possibly we may see 4,500 by the end of December," he said. Bhat also that held the Street is likely to stay in the shadows of the current scenario for the next 8-9 months. "The deep correction gradually looks possible but one should be little more cautious when it comes to buying," he added. Below is an edited transcript of Dilip Bhat's interview to CNBC-TV18. Also watch the accompanying video. Q: Do you think 4,650-4,700 will hold out as a base for December? A: I don