Nifty crashes 5% in just 6 sessions as Middle East war induces massive selloff. More pain or a relief rall

March has been brutal for Indian markets, with the Nifty plunging 5.3% in just six trading sessions amid escalating US-Israel-Iran tensions. Crude oil surged nearly 29% in a single day, fueling volatility. Technical analysts say the Nifty has broken key support at 24,050, signaling strong downside momentum, while a meaningful reversal remains unlikely in the near term.