Lockdown in Shenzhen (a city in China) is pretty severe and it will impact supply chains, said Vipin Khare, director-research at William O'Neil India, on Wednesday.

“Supply chains are already under pressure because of everything that is going on in Europe and with China seeing lockdowns again – that’s something most people may not be prepared for and hence could put pressure on the supply chain, ” Khare told CNBC-TV18.

Also Read: India need not worry: Dr Agrawal on China COVID surge

Talking about India, he advised investors to stay away from bottom fishing. “Anything that is below the 200-day moving average (DMA), approach it very carefully,” said Khare.

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First Published:Mar 16, 2022 9:10 AM IST