Deven Choksey of KR Choksey Shares says largecap companies have remained silent. There is a possibility that they may start participating now.
"The first thing is the longer-term structure from a three to six months perspective even if there is a low of 7,997, it makes no difference to the longer term structure," says Jai Bala of 1857 Advisors.
The long only foreign institutional investors are still buying good quality stocks but it is the trader FIIs who are not so positive the market, says Deven Choksey of KR Choksey Shares and Securities.
Deven Choksey of KR Choksey Shares and Securities is bullish on Tata Motors. The negative news - Land Rover recalls 36,000 SUVs in China - notwithstanding, he believes the stock is a good buy and investors must bet on new launches.
Sector specific, the house is upbeat on some of the NBFCs, some infra plays including port and power generation, says Deven Choksey, MD, KR Choksey Shares and Securities.
The Indian market has been trading in a narrow range led by dismal Q3 earnings and caution ahead of Union Budget on February 28. The Nifty is currently trading above 8700 and is unlikely to breach the 9000 level before Budget, says Deven Choksey of KR Choksey Shares and Securities.
Watch the interview of Deven Choksey of KR Choksey Shares & Securities with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.
Deven Choksey, MD of KR Choksey Shares and Securities recommends buying Hero Motocorp and Bajaj Auto.
Deven Choksey believes the market is likely to take support between 7600 and 7650, if not there will be further cut. But as of now, he is taking a gradual view and sees the trading range between 7600 and 7900.
Deven Choksey, MD at KR Choksey Shares and Securities is of the view that one may add Reliance Industries in the portfolio.
Deven Choksey, MD at KR Choksey Shares and Securities is of the view that one may prefer Subros and Pricol.
Deven Choksey, MD at KR Choksey Shares and Securities is of the view that one may prefer Bajaj Auto in the auto space.
Deven Choksey, MD at KR Choksey Shares and Securities is of the view that Gujarat State Fertiliser & Chemicals (GSFC) is a value pick.
According to Deven Choksey, MD at KR Choksey Shares and Securities, one may buy Tata Power Company and Adani Power.
CK Narayan pegs Nifty around 8150-8160 on the upside and around 8070-8060 on the downside below which it might turn slightly short-term softness for this benchmark index.
Deven Choksey of KR Choksey Shares and Securities is of the view that one may buy Infosys at around Rs 3100-3200.
According Deven Choksey institutional investors seem to be shifting part of their holding from IT, Pharma into high beta names including cyclicals.
Prakash Diwan, Director, Altamount Capital Management and Deven Choksey, MD KR Choksey Shares and Securities Pvt. Ltd share their views on RIL‘s December quarter numbers.
Deven Choksey, managing director of KR Choksey Shares and Securities recommends holding on to Maruti Suzuki India as the stock may test Rs 2000-2200 in the next 12-15 months.
Deven Choksey, MD of KR Choksey Shares and Securities is of the view that Power Grid Corporation is a good stock for long term investors.
Deven Choksey, MD of KR Choksey Shares and Securities advises to buy Maruti Suzuki India with a price target between Rs 2,100 to Rs 2,200 in next 12-15 months.
According to Deven Choksey, MD of KR Choksey Shares and Securities, one can prefer HCL Technologies and KPIT Technologies within the IT space and Glenmark Pharma and Cipla from pharma space.
Deven Choksey, MD of KR Choksey Shares and Securities is of the view that Reliance Industries (RIL) may trade between Rs 840-920.
Deven Choksey, MD at KR Choksey Shares and Securities advises to prefer IDFC and LIC Housing Finance from non banking financial company‘s space.
Deven Choksey, MD at KR Choksey Shares and Securities suggests adding Tech Mahindra in the portfolio on corrective downside.