In psychological approach, if you see as when we were showing resilience from nov to Jan while other markets were showing downtrend, the retail public got convinced that the correlation between Dow & India is over & bought merrily, so now the reverse will apply for the towel to throw in, When dow will be bottomed along with Europe & we will be still falling, so the retail will think man this market is Kaput, sell & get out...
Ofcourse all this will only be true for us if WW3 does not happen as the previous collapse of financial system led to WW2