BQ Edge | Gautam Shah On What Technical Indicators Predict For India’s Stock Market

The stock market was expected to rise after the general election. But technical indicators suggest a correction.That’s according to Gautam Shah, associate director and technical analyst at JM Financial Ltd. “The market is losing momentum,” he said at the Bengaluru edition of BQ Edge, BloombergQuint’s on-ground initiative. The benchmark Nifty Index, Shah said, possibly could drop 10 percent in the short-term.“While the Nifty has made ...