Sensex sinks over 2,000 points in 5 days. How scary do the charts look for next week?

Indian equities head into next week with a critical support level under siege after five straight sessions of selling erased 2,092 points from the Sensex and dragged the Nifty to its lowest close since June 12. With the Nifty at 23,767, a breach of 23,600 could trigger a severe correction, while any rebound may struggle near 24,000-24,200.The Nifty lost another 102 points on Friday, extending its decline for a fifth consecutive session. Investor sentiment remained subdued as Brent crude surged above $100 a barrel following a fresh escalation in the Middle East, reviving concerns over inflation.