All the gains washed in Nifty

Nifty today gave gap up opening, which was a bit of a surprise for us shorters but it has now washed away all the gains of the today, it is even filling the opening gap, this is indicative of the bearish momentum in the market picking up.

It might be little early to speculate, but I'm starting to see the possibility of this being last bull leg in positional as well, we might have a significant correction in Indian as well as global markets.