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Gautam Shah's Bets That Can Cushion Investors During Current Pullback

Technical analyst Gautam Shah's picks on what can help cushion investors during the current pullback.



Intraday stock charts are displayed on a monitor. (Photographer: Daniel Acker/Bloomberg)
Intraday stock charts are displayed on a monitor. (Photographer: Daniel Acker/Bloomberg)
While the pullback in stocks in the last month and a half has priced in uncertainties, there is no reason for the benchmark Nifty 50 to bounce back and rally, according to technical analyst Gautam Shah.For the benchmark, 16,700 is a key support area, according to Shah, the founder of Goldilocks Premium Research. If that’s broken, the index can slip to the 16,000 levels, from where the breakout happened, he said.An economic recovery a...
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