I see it as not, what I see it as n opportunity for the Retail Investors to put their money at the right plays and hold for a longer term. The stocks would see more corrections in March-April duration and Retail Investors would be able to get good deals on the various stock. It would be a worth to invest during the plummeting times if one is looking at Long Term Investment and not just simple Buy / Sell trades to earn short term profits.
I would see market getting slightly below 8000 mark by the month end and be hovering on that range for next few sessions. Though I would not be surprised to see market plummeting to 7500 by month-end. But all this should not be a worry for the Hold Positions and Long Term Players.
One thing that I would opt out from would be Short-Sellling that could be really tricky in these situations as the Promoters and Directors may step in to buy shares to gain support for their Company's stocks and send a message to the market that we are doing well to face the turbulent times. And yes it would be advisable to follow the buying pattern of stocks one is watching and if the Board Members / CEO / CFO buy their respective company's stock, its worth Buying that stock.
Risk and Caution are something that one needs to always keep in mind while investing in Stock Market.