11,900 to be a crucial level for market: Choksey

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11,900 to be a crucial level for market: Choksey

According to Deven Choksey of KR Choksey Securities, 11,900 is a crucial level for market. As at this level, he thinks that the market could see some resistance as well as some profit booking.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Nifty BSE | NSE 31/05/12 Are Mutual Funds betting on Nifty? Other Stocks in this news Bharat Petroleum Corporation | Hindalco Industries | Hindustan Petroleum Corporation | Hindustan Zinc | SRF | Tata Steel | Centurion Bank of Punjab | Balrampur Chini Mills | Bajaj Hindusthan | Triveni Engineering and Industries | Gitanjali Gems | Tech Mahindra |

As far as Gujarat Flouro is concerned, definitely a lot of hype has taken place and maybe the valuations are also, to an extent, justifying that aspect. But what we see is that this market gives a lot of opportunity. This kind of business could offer a price opportunity at some point of time to get into or pick up these particular stocks for investment.

Q: What about the fundamentals themselves? For companies like SRF and Titan, which were the big flag bearers of the midcap space, do you expect them to reclaim their old highs?

A: There is no doubt about that at this point of time. As long as they keep on maintaining their growth, this is justified.

Q: Any disclosures?

A:  My clients would have positions in some of the stocks, which we have talked about.