The market may open lower and consolidation may continue, says an NDTV Profit Poll. Momentum stocks may correct further.

Taking cues from the Asian markets, which are trading weak Thursday morning, Indian market opened lower. The Sensex fell below the 19,000 mark within seconds of opening, but is currently at 19,040, down 248 points. Nifty is at 5696, down 85 points from the previous close.

Even if the market stabilises at current levels, it will be a big acheivement, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. The market is choppy, but has pulled back a bit. The Sensex is at 19,133, down 156 points from the previous close. Nifty is at 5713, down 68 points.

If the Sensex breaks 17,000, only then the market is expected to fall further, says Shrikant Chouhan, Kotak Securities, on NDTV Profit. Otherwise one can expect a bounceback from any level above 17,000, he adds. He also cautions that the current market is not right for intra-day trading.