Opportunity to buy stocks?

Is this an opportunity to buy stocks 5-10% cheaper? Yes, as per Market expert Gul Teckchandani. He says "Do not stay off because people like us will use this volatility to our advantage. A lot of people have been saying that this is because of the political environment. But then you have to also explain why in the morning the market was up about 200 points. I think the momentum counters are taking a hit. You have to select where you want to be invested, hunt for your own companies, and use this kind of a downslide where you are getting stocks on an average between 5-10% cheaper, if you believe in the companies," he added.

Anil Padia, Director, Kedia Shares & Stock Brokers, feels investors should use this correction to buy. "Since we are in such a big strong bull market, I am not expecting the markets to correct much although it may come down to 16,650 and that would be a good level to buy. The markets could remain in a 16,650 to 18,000 range this month," he added.