We have finally taken some substantial action towards COVID-19.
Our service workers have been doing a fantastic job from the very beginning but social distancing is the most important implementation when it comes to infectious diseases and pandemics.
We have not yet conducted sufficient testing to gauge the correct number of people infected by COVID-19. But preventive measures are more important than an arbitrary number. I am expecting a huge spike in the actually number of people infected by COVID-19 as the next week plays out.
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The move in the market has been intense from the 28th of FEB 2020.
I had previously posted key levels at 8700, 7700 and 6700. The market has been respecting these levels these last two weeks.
The market low of last week was 8555 just around the 8700 level, and this week low is 7832 near the 7700 level.
The government has setup a special team that will track the cases in India during the curfew. This is a very important step as it will finally give us some data points that we can use to understand the actual harm done to society at large.
My third level of 6700 should be tested as the number of cases begins to jump and people will panic because they have been expecting it but till today we only have fewer than 200 cases reported.
What happens when this number reaches 2000 (10x) in a few days because of accurate data?
I expect the market will go lower but because of the curfew the actual number of people affected will also begin to plateau thus settling in the next month.
(These are just my views and not a recommendation)
Our service workers have been doing a fantastic job from the very beginning but social distancing is the most important implementation when it comes to infectious diseases and pandemics.
We have not yet conducted sufficient testing to gauge the correct number of people infected by COVID-19. But preventive measures are more important than an arbitrary number. I am expecting a huge spike in the actually number of people infected by COVID-19 as the next week plays out.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
The move in the market has been intense from the 28th of FEB 2020.
I had previously posted key levels at 8700, 7700 and 6700. The market has been respecting these levels these last two weeks.
The market low of last week was 8555 just around the 8700 level, and this week low is 7832 near the 7700 level.
The government has setup a special team that will track the cases in India during the curfew. This is a very important step as it will finally give us some data points that we can use to understand the actual harm done to society at large.
My third level of 6700 should be tested as the number of cases begins to jump and people will panic because they have been expecting it but till today we only have fewer than 200 cases reported.
What happens when this number reaches 2000 (10x) in a few days because of accurate data?
I expect the market will go lower but because of the curfew the actual number of people affected will also begin to plateau thus settling in the next month.
(These are just my views and not a recommendation)
Comment:
Chart on the left is Montly and right is Weekly
