Indian stock market - Swing Trading

The recent mayhem in the global equity market is mostly attributed to corono virus .  Nifty corrected about 25% with a massive sell off in few trading sessions . Many financial listed firms especially banks may see a further hit in their stock prices because the business cycle may take a standstill . The fall of nifty   from about 12200 to 8900 is quite steep in the last few years . The obvious comparison of these steep fall would be the year 2008. But the crash of 2008 and that of 2020 are entirely different . 2008 was all about banks , funding and very concentrated risks . On the other hand , the crash of 2020 is all sudden resulting in halt of a number of businesses . Also there was a severe liquidity crisis back in 2008 . But during this crisis , the reverse holds true. There is ample of liquidity in the current scenario . Recently , fed announced to cut the interest rates to zero in the usa. The global stock market would not recover easily . The aviation industry is severely impac