Here are some top trading tips from Deven Choksey

In an interview to CNBC-TV18 Deven Choksey of KRChoksey Investment Managers shared his reading and outlook on the market and also gave recommendations on various stocks.Below is the verbatim transcript of Deven Choksey's interview to Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18.Latha: What are the midcaps that impressed you? Varinder Bansal just highlighted quite a few, he was highlighting Zee Media, Astec Lifesciences and right now Pricol. Among the midcaps anything caught your eye?A: We do get opportunities in this market with some of the select stocks where we keep the focus. We believe that few of the companies where we have the focus on -- two of them probably stand in the capital segment which is basically catering to the transmission and distribution space where the larger amount of the business is basically happening due to the switching technologies wherein the power is switched between the alternate sources. At the same time, the rollout of the distribution network in the power space, so certainly that is an area where we feel it is a growth opportunity over there.Couple of companies, which remain good would be Schneider Infra and second would be GE T&D they relatively remain favourable. Of course, ABB and other companies also remain in the favourable list. So these are the two companies which are looking relatively good from the investment point of view.Similarly, we find opportunities in the agri space where we find companies like EPC and the Jain Irrigation remaining in a favourable list of investment largely because the micro-irrigation space is gaining ground and with the subsidy burden gradually reducing in this space for most of the companies. I would think that this is one space which could possibly give better returns to investors if they stay invested for a little longer period of 15-18 months time.Likewise, you find opportunities elsewhere too. The fibre and fibre optic in the system integration business of Sterlite Technologies, it remains quite a favourable play though in this particular result, they may have disappointed on the fibre optic cables because of the situation in J&K for the rollout of this activity. Otherwise, they have shown good amount of business prospect. So, we can keep on talking about many stocks within the midcap space where the opportunities are becoming larger and bigger.Anuj: Tata group stocks and Tata Motors in particular -- is this a buying opportunity or would you give it a pass?A: Most of the Tata Group companies and particular Tata Motors, which we refer to is remaining on the solid ground. I don’t see too much of a problem with these companies per se on the business side. Fortunately, the management is separate so they are professionally run companies. The new CEO comes with a very credible background as well. As far as the outlook to the business is concerned, it remains promising. So I would rather think that this kind of uncertainties at times throw opportunities for buying into some of the quality stocks, which could include names like Tata Motors. I am not suggesting that the price cannot correct, price might correct due to whatever the uncertain situation that we have in but fundamentals of the companies is they won't change. On the contrary, I would think the business condition is distinctly proving for companies like Tata Motors.Sonia: Wanted to ask you about the auto stocks because Maruti, TVS Motors, even Escorts came out with quite a good set of numbers this quarter, anything that you would incrementally top up on?A: I think these companies are looking distinctly positive in the auto space and my reading says that they maybe probably at the cusp of a bull run for the next three years or so. Most of these companies are well positioned and probably having the best of the times. Let us look at the possibility of higher amount of volume growth for them. On one side, new roads are coming up. So it is a good sign for commercial vehicle as well as passenger vehicle segment per se.Of course, with the rural roads getting more importance, even the two-wheelers probably would have relatively larger play to talk about. So, on one side the demand improvement conditions are increasing. You have the higher discretionary spending with the consumer also the lower rate of interest is again adding to the thrust of generating higher demand in the system and with the scrapping policy particularly coming up sometime soon on the commercial vehicle side, I would think that it could be a big trigger for companies in the commercial vehicle space going forward.At the same time, your raw material costs are remaining under control. So it is a good situation for auto companies after a long period of time. My reading says that these companies could possibly show relatively higher performance. We have seen good numbers coming from Hero. Bajaj has been showing reasonably good performance in the domestic market. So they should reflect well in the performance. Maruti is still trading at around 23-24 times price to earnings ratio. Of course it is fairly priced but not looking that expensive.I believe that for auto companies, you have the opportunities lying ahead and maybe some degree of correction in the market at some point of time given situation for Tata Motors kind of companies could be a buying opportunity in the corrective downsides.