“Gautam Shah maintains a bearish stance on the Nifty IT Index and broader IT stocks, believing they are not near a bottom yet. He cites elevated valuations, structural AI disruption, and technical chart breakdowns as key concerns, flagging potential downside towards 28,400 and even 26,000 over a 12-18 month horizon, with short-term rallies likely to be sold into.”

Gautam Shah’s track record: 5 graded calls · 95% CI 4–62%