Look at L&T, Axis Bank; like SRF: Neeraj Deewan

Neeraj Deewan, Director of Quantum Securities told CNBC-TV18, "This is giving a long term opportunity because I think market should make a bottom between now and December 18. There can be some base building happening now. So, lot of large cap stocks have also corrected. So, one should look at value in largecap stocks because once the markets makes a base, it is the large cap stocks which take the lead and then midcaps again follow.""Among the largecap stocks, I would still look at stocks which have really been coming down something like Larsen & Toubro and even in the banking sector, even private sector banks, something like Axis Bank which has corrected a lot and is not able to go up now because the market correction is happening. There is State Bank of India which is again correcting," he said."Even in the midcap space we track stocks like SRF and Vardhman Textiles. These stocks are also correcting because of market correction and future definitely looks good for them and the earnings have been going up. So, one should use this opportunity, may be not be in a hurry, let the event risk also go through and then buy these stocks."