Nifty crashed in January 2008 made a low 4448.50. But the market didn't bottom out till October 2008, made a low 2252.75. The price was 50% lower than January low.
Don't make the mistake of buying this market. There is more pain left. If one wants to buy, Buying should be kept strictly intraday with tight SL.
This is a bear market. Look for an opportunity to sell on rise.
Do not sell on decline. High of last week is 10751. We are on the bottom currently
All technical levels get bulldozed by the global markets! Worst still even thereafter global futures rule the roost. To my mind all rise must be sold. The market sentiment has no buying inclination. Today's low has SGX Nifty indicating gap down opening of (-)170.