If the markets manage to recover and sustain the recovery as indicated by the SGX Nifty, then I would stick my neck out and say that yesterday's lows are a near term bottom for the markets and we could see a sustained rally from these levels - Corona or No Corona. However, if the cues from SGX Nifty fizzle out, we are in a trading range that will trend lower and lower in the days to come.
For traders, the smartest thing to do is to focus on individual trades rather than the Nifty.
The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
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