Is there a deeper correction already in the Indian stock markets?

• Follow

Goldilocks’ Gautam Shah & Chartview India’s Mazhar Mohammad share their expert insights on whether there is a deeper correction already in the Indian stock markets.

While India continues to be one of the better performers in global markets, the short-term charts look overbought. So, we need to get into a consolidation phase maybe even a correction of 3-5% and post that we could see the next leg up in markets. I see no signs of topping out from a bigger picture perspective but near term, there could be pressure. We have turned a little cautious and are being very stock and sector-specific at these levels as it is not the index game anymore”, Shah said.

Watch the full video to know more…