The market is likely to witness increased volatility as the December quarter results pour in. How the initial days of the Trump Administration pan out coupled with lack of clarity on GST and impact of demonetisation on the economy and corporate sector may further add to the choppiness of the market. However, investors should be clear that though the market may witness bouts of correction, a complete blood bath may be ruled out since domestic funds have a lot of liquidity and are waiting for any steep correction to happen. Investors will, therefore, do well to pick stocks in a staggered manner with each correction they witness lest they are bound to miss the bus again. The market may go into a prolonged bearish phase only if the government fails to tackle demonetisation effectively with the implementation of GST getting delayed beyond a point and Union Budget 2017 not able to meet the expectations of the resurgent economy and the market and if the earnings revival of the corporate sector get delayed beyond the next quarter.