Gautam Shah, Senior Vice President & Technical Analyst, JM Financial Services feels that the broader trend remains negative, adding that another bout of selling could take Nifty below 4640 levels. On market outlook, he said that he would look to initiate a sell on Bank Nifty, Metals and Power stocks. He expects the markets to remain in a corrective phase for some time and would prefer to stick with large-caps and avoid mid-caps.
