Last week, the correction started with a private sector bank leading the fall. However, the very next trading session there was a sharp correction in mid-cap index and the markets breadth turned negative. This follow up of correction in a short span is a clear indication that high valuations are a weight on the street mind. This means higher probability of a correction in mid-cap space if there is any trouble with Nifty. So, be cautious while taking exposure as a correction mid-cap is more harsh in terms of price cut on individual stocks.