Nifty was waiting for a trigger to start its course to correction and i think it have started its move into that direction. As a trader i be more than happy to see Nifty completing the much required retractment as it will expedite its next move towards 13000-15000 levels in coming years. My advice to new traders, Preserve your capital and let Nifty complete its retractment. Use this time to study about strong companies and start buying them as soon as they fall into your identified zones. All the best!