Right time to create long only portfolio: Deven Choksey

One should now look at investing into quality stocks from the private banking space that have fallen anywhere between 10-30 percent and whose business models look robust, says Deven Choksey of KR Choksey.

Deven Choksey of KR Choksey Shares strongly believes that the current market fall is purely technical because there is nothing fundamentally wrong.

According to him the selling pressure could be because FIIs are reducing their weight in the market and are offloading their longs. They are adjusting their books, he adds.

For him this fall provides an excellent opportunity for those who want to create long only portfolio. One should now look at investing into quality stocks from the private banking space that have fallen anywhere between 10-30 percent and whose business models look robust.

Auto space also looks attractive post the correction and one can even look at the capital goods space, especially stock like Larsen post its correction.

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