Here are Deven Choksey's top trading ideas

Watch the interview of Deven Choksey, MD at KR Choksey Shares & Securities with Latha Venkatesh, Anuj Singhal, & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.Below is the verbatim transcript of Deven Choksey’s interview to Latha Venkatesh, Sonia Shenoy, and Anuj Singhal on CNBC-TV18.Latha: What does today hold, an early Holi?A: I think the market is basically showing a distinct character of remaining steady to firm as I would like to call it as. I think yesterday the exit poll numbers are also suggesting that out of five, four states BJP is going to have the say as far as the government is concerned. So, should that be the situation, then I agree with you, I think it is going to be early celebration of Holi I would say so because of the market possibly moving in a direction of 9,200 eventually.Maybe I think with the breakout of the news, even news our coming out, I think you probably could see I think some amount of peak happening into the market at least in the near term and 9,200 kind of level I think on Nifty could be the level at which I think market may probably take some rest and 8,900 around could be once again an opportunity to reenter into the market. So, yes, I think the celebration mood for sure if the BJP forms government in the four states.Sonia: How would you approach Bharat Financial as well as IndusInd Bank because the run up has been quite sharp and now we understand that IndusInd is looking to evaluate some strategic opportunities for expansion, what are your thoughts?A: IndusInd in particular I find a really interesting positioned company for few reasons. I think most importantly, with the digital reach, expansion which is taking place across the country, most of the banking habits are going to change for the consumers, the customers. In such situation, I think the banks which are advanced with the digital platforms, I think they would probably have a larger say.In fact, I would still not be very comfortable in putting across why there is a need for going ahead with the MFI kind of a business in the portfolio when the eventual limitation of digital reach is getting attended with the digital reach expansion that is happening now in the banking space, maybe the MFI space business I am not too sure how much value add it could have to the company.However, I would reserve my comments till the time I get more details on this particular subject. However, overall, I would like to believe that those banks which are in a better situation to expand further with the digital approach, I think they would probably have a larger amount of growth to talk about and I think IndusInd certainly is amongst the lot as far as the opportunity is concerned.Latha: Anything on Unichem or any of the drug majors on this?A: I think on the whole we definitely see in the domestic pharmaceutical space I think a consolidation taking place and with a Rs 2,500 crore kind of a market cap that you have for this company, I am not too sure which larger company would probably want to look into this space immediately. At the same time, I think the product portfolio is more into the essential drugs space.So, obviously one is not looking beyond a level with the excitement as far as the domestic market presence is concerned. I guess it would be probably consolidation of some of the smaller size players along with it and probably Unichem would find a suitor in there. So, beyond that can’t comment at this point of time, but yes, we would see consolidation happening in the domestic pharmaceutical space, that is a given.For full interview, watch accompanying video.