"Whenever the market runs ahead of time, it gets into a consolidation mood, I think that is what the market is doing right now," Deven Choksey of KR Choksey Shares & Securities told CNBC-TV18.
With three consecutive days of selling by FIIs, most experts as well as traders are wondering whether it will be a rough ride in the October series. Deven Choksey of KR Choksey Shares & Securities does not think so. He says fundamentals – market as well as on the macro front – continue to remain strong and chances are it will only improve further.
"Whenever the market runs ahead of time, it gets into a consolidation mood, I think that is what the market is doing right now," he told CNBC-TV18.
Choksey advises investors to use every dip as a buying opportunity. He believes investors should look at all those companies where the fall is maximum.
Despite the recent coal mining verdict and the fallout of the same, he says it is perhaps time to look into the fundamentals of the companies that this verdict will affect the most, it can also be a buying opportunity.
He also likes the infra space, and is positive on companies like Adani Power . He is bullish on Tata Motors , Sterlite Technologies and Jain Irrigation .
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