The Indian Stock markets have opened weak today. NSE Nifty is down by 165 points at 10.22 am while BSE Sensex is also down by more than 550 points.

Reliance is trading with a loss of more than 4%. SAIL is down by 3.45%. Power Stocks are down. Ranbaxy Labs is also trading with a loss of 2.5%.

Asian markets are down and US markets were down on Friday’s trading session. Technical Analysts expect markets to correct sharply. Markets haven’t seen a correction since a very long time. A correction below 18,000 is expected. Deepak Mohoni is suggesting correction and expects markets to remain weak this week.

Muhurat Trading session was also not good for Indian Stock markets. The markets corrected in last 10 minutes of trade and BSE Sensex ended below 19,000.