SP500 is taking resistance off its 0.618 resistance. When that happens, the market seldom makes a fresh bottom with any significantly lower numbers. Meaning, SP500 wont break 2200. Thats the bottom for a very long time. (which gives us a broad band of around 2900 - 2200 to work with)
Our home grown Nifty has more upside room.
This is a timely notification, because yesterday, bears were in full control, but got beat, and today SGX is 3% up, which makes Nifty open gap up. This might be a start of an uptrend which might last a month, and going as high as its 0.618 level which comes to 10580 (10600 ish). Sarkar has shed 20L Crore to support this theory. 
This makes sense, because when the majority is expecting bears to take over because of bad Quarterlies, Corona, and various headwinds, the market doesnt fail to surprise. How else is it going to be a negative sum game?