Correction in the market is not over yet, says E Mathew, technical analyst, on CNBC-TV18. The market needs to do some base builiding, which may happen at around 5400, he says. Once base building is done, the market will again move up to cross 6000, he adds. So there's still some pain left and the level to watch out for is 5400, he says.

If the Sensex breaks the low it made on Monday, then it could go down to 17,000, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. Yesterday's low is a good support for the Sensex for now, he adds.

The market opened slightly higher Tuesday, was flat for a few seconds and has now fallen slightly. The Sensex is currently trading at 18,660, down 84 points from the previous close. Nifty is at 5592, down 24 points. Market breadth is positive, with 290 advances against 146 declines on the NSE.