When markets fall sharply and dramatically, the desire to buy comes out strongly. But, this is not a good idea. Traders and Investors cannot buy randomly. There must be a method behind taking any trade.
Once markets show signs of entering into a bear trend, as our market is now doing, then buying should wait till the decline ends. How do we know that markets have stopped falling? The only way is to wait for base building. This process requires markets to go into a range after a significant decline. When prices break above range resistance, the first signs of buying will emerge.