IT, FMCG top picks for 2021, avoid banks for time being: Goldilocks’ Gautam Shah

Gautam Shah, Founder & Chief Strategist at Goldilocks Premium Research, is recommending investors to move invest into FMCG domain -- like HUL, ITC. "Some of these stocks will stand out while the markets go through their routine correction."

On banks, he said, "Banks are still weak, they have been underperforming all along and because banks are high beta they are the ones that lose maximum ground when market go through such correction. So, banks are a completely avoid at this point of time. There is some more scope for downside."

He added that his top pick for 2021 is IT and FMCG space. "This is a good time to stay defensives and really move out of high beta."