The first half of calendar year 2008 is expected to be weak for the Indian market and that will be a good time to buy, says Girish Pai of ICICI Securities, on CNBC-TV18. Slower US growth and higher risk aversion is expected and therefore more money will flow into emerging markets and even India, of course, he explains. The market may see about 15% correction from 20,000 levels

The market needs to consolidate in the 18,000-20,000 range, says Falguni Nayar of Kotak Mahindra Capital, on CNBC-TV18. The overall view on the market for now is flattish, she adds. There have been net FII outflows on the P-notes issue, but domestic fund flows have been higher, which have been driving the current performance