Market is stabilising: Deven Choksey, KR Choksey Securities

Deven Choksey, MD, KR Choksey Securities, in a chat with ET Now, gives his views on the market


ET Now: Yesterday we had a bit of an aborted pullback but today given the global cues, do you think we may see some relief rally and build onto that 4900 mark?

I would think so. This full week you might see markets remaining steady and probably stay put at around 4900 levels and go above to 4950 levels. The participation in the market is missing. That is the worry. Otherwise the market is now at least stabilising. That is what I could think. If no negative news comes in, probably we should be seeing stability into the market and the range for the market could be somewhere around 4900 to 5000 levels at least for this week.