We are not out of woods yet

Yesterday Nifty pulled back to 6000 levels.But the Euro zone problem is still showing no sign of being resolved for some more time . Therefore,  market may remain volatile in short term  with biases on downside. Nifty may correct to 200 EMA which is at 5500 and 5550 was the breakout level of this up move  which terminated at 6330 . Nifty may restest this breakout level of 5550
From here two probability emerge:
1 Market may pull back to recent high and then correct
2 market may correct from here and then pull back to recent high and make new high .
Either way a correction is inevitable and healthy for the market and after a decent correction we will see new high.
Consumption story will play on .  TTk Prestige, Jubilant Food, Bata, VIP, Amar Remedies, Titan , Uflex , Orchid Chemicals should  be on your radar and  correction should be used to buy these stocks.