Should you fret over the recent market sell-off? Here's what charts suggest

On Monday, Dalal Street opened gap-down for the first time since mid-June 2022 as it extended Friday's 1 per cent slide. Benchmark indices--the BSE Sensex and Nifty50--plunged 600 points and 200 points, respectively, to trade below crucial levels of 59,000 and 17,800.
 

Sensex has shrunk 1,372 points or 2.29 per cent to 59,015 and Nifty50 shed 425 points or 2.3 per cent to 17,561 so far from their recent highs. Prior to the recent sell-off, the market had surged 18 per cent from its 52-week low hit in June. 

Going forward, here's how the key indices look on charts:  

S&P