🚨 Nifty’s RSI just crashed to ~24.

That’s deep oversold territory. Historically, this kind of momentum collapse has only appeared during major panic phases: March 2020 COVID crash: RSI plunged below 20 as markets collapsed. From the panic low near 7,500, Nifty rallied ~100% within the next 12 months. March 2008 Global Financial Crisis: RSI also fell well below 20 during the Lehman-driven sell-off. The index later rebounded over 120% during the following recovery cycle. October 2016 global slowdown scare RSI dipped near the mid-20s, after which the market entered a multi-month recovery phase. Right now, the market is under pressure from oil above $100 and escalating Middle East tensions, which has triggered broad risk-off sentiment. But here’s the interesting part: Extreme RSI readings usually appear when selling is already stretched. Does that guarantee a bottom? No. But historically, such levels often show up near exhaustion phases where markets begin to stabilize or bounce.