Chart check: Bull-run may not be over just yet for Sensex, Nifty

The medium-term trend of Sensex is bullish till the time it defends 44,000 levels

A new mutant strain of coronavirus, which is spreading rapidly in the United Kingdom (UK), spooked investors worldwide on Monday, resulting in massive sell-offs, as doubts emerged over the prospects of global economic recovery.

The Sensex plunged 1,407 points, or 3 per cent, to end at 45,554 in its biggest fall in percentage terms since April, while the Nifty dropped 432 points, or 3.14 per cent, to end the session at 13,328. Monday's fall saw investor wealth shrink by Rs 6.6 trillion, based on the market capitalisation of all listed companies on the BSE.

The huge fall was a rude