Because of crude, inflation and pressure growth rates markets, may not recover but I believe that the market will see downside but does not look like a huge crash right now and markets could consolidate around some range.
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Nifty
I personally believe that the support will not break on a closing basis and that would make more buying coming in when volatility goes down. Now in such a market turmoil what is the best investment strategy.
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Nifty is an index or an indicator of the performance of the companies listed in national stock exchange situated in delhi. Nifty constitutes of 50 companies and the change in the Nifty index ( Up or down ) indicate the trend in the majority of the stocks.
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