Nifty has almost reached Panchamam (2976) in old scale. If the downward move continues, the logical conclusion is Shadjam. Most of us had not experienced such a situation (many in US compare it to 1929-32 depression)and hence uncertain about the exact impact of it. Further, the world has changed much during the last 75 years. For checking the levels please refer the post Nifty breaches 3800 levels and carnatic old scale posted on 6th October, 2008.