Krishna, I hope no one minds me throwing a monkey wrench in the works, but here goes:
There is much speculation with the world markets mirroring each others' moves. So, DIJA puts on the blitz, and so evidently, Nifty is too.
I'm only going by the total amount of data I have access to with regards to charts. Nifty's peak was 6311, and the dip was 2525. 4418 will mark 50% of the drop from the peak to the dip.
For the same period, the dip and peak for DIJA was 12871 and 6458, respectively. Current rate is 11951. That is 14.3% of the drop from the dip to the peak.
I don't see any worthwhile comparison.