Personally I feel coronovirus panic is short lived and market will soon be . Many theories suggest that this was a planned chaos created by Chinese govt to surpass Western Economy.
Once they achieve their goal things will be back to normal.
Although in worst case, Nifty will find support around 2008 levels.
If you are an aggressive investor now its the best time to pour money into good stocks, If you want to play safe then wait till month end.