Global Markets to guide Indian stock markets this week

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Indian Stock markets are probably looking for some correction in coming week, Since major indian indices like BSE's Sensex and NSE's Nifty are trading in a very broad range from past six months and would be in narrow range this month, Since global indices are under lots of pressure and would probably see a correction this month(read full).

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Thus Indian Stock markets can fall too in coming weeks., Indian Markets would be closed on friday on occasion of eid.

BSE SENSEX | Indian Stock markets ready for correction

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If we go by the predictions about global stock markets prevailing in market, then a correction in Indian stock markets is bound to happen next month...it's a rumor though but who knows if the prediction comes true.

If we see some correction in indian stock markets(while it follow it's global peers) or the second dip in global markets (read full) next month(as the prediction goes) then Sensex might come at levels of 15000 to 16000. Which looks the correct valuation of Indian markets looking at economic conditions presently.

Then RIL should be the worst stock to fell and it would become the best time for longterm investors to invest in correct valued stock after the fall in september 2010.