Indian markets are expected to open positive on Monday after last week's correction. The corrections in Indian markets have remained short-lived during the last few months and every correction has led to buying at lower levels. As markets have been making new highs every week, we can expect a pullback in the markets today.

NSE Nifty 50 Max Pain is currently at 25250, suggesting that options traders are expecting a recovery in the markets.

Last week, the markets witnessed strong selling pressure. Some of the selling was due to FIIs selling and booking profit for some of their investments. Some market participants also feel that some money has flown into the Chinese markets. After the Chinese government took major steps to improve market sentiment, there was a sharp recovery in the Chinese stock markets.

Among Indian stocks, we can expect action in Mahindra & Mahindra, Infosys Technologies, HCLTech, LTIMindtree, Reliance Industries and Maruti Suzuki.

Nomura keeps ‘neutral’ rating on HDFC Bank, target at Rs 1,720

TopNews team will keep on updating about the market action.