The Indian share markets are falling for sometime as of now. In the last two trading itself sensex has shed almost 700 points in line with the global cues.A correction in the market was long overdue as it was written earlier in the blog. The global sentiments are playing hard now, with US markets also falling badly. Dow has almost touched 8500 levels from 8900 levels.

Sensex lost 257 points to close at 14265 levels and nifty lost 105 points to close at 4251 levels. The major support levels have been broken. So if market continues to trade low, then we can expect some further corrections.

Everything being said and done, the Indian economy has entered the subzero lebels. That means the inflation has gone subzero now. For the week ending June 6, inflation has touched -1.61% due to fall in prices which is agin due to fall in demand. So overall its a sign of weakness. The US markets are now trading marginally up.So we can see some sort of recover in romorrow’s session in Indian markets.

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