Moneycontrol Presented by Motilal Oswal
Days hours minutes
Presented by :

Co-Presenting Sponsor :

Capital Trade

Powered by :

Godrej Properties

Associate Sponsors :

Aegon Life
LIC Housing Finance

Co-Presenting Sponsor

Capital Trade

Associate Sponsors

  • Indiabulls
  • Aegon Life
  • LIC Housing Finance
  • DHFL
Sep 03, 2013 10:07 AM IST | Source: CNBC-TV18

Sell Mahindra and Mahindra: Sudarshan Sukhani

According to Sudarshan Sukhani of, one may sell Mahindra and Mahindra (M&M) as the stock broke down after consolidation.

Sudarshan Sukhani of told CNBC-TV18, "I don't think fundamentals influence the market in the short-term, we keep talking about them through out the day but it is irrelevant completely. But for the technicals I am surprised because auto sector as such should be cheerful. Hero Motocorp and Bajaj Auto are looking very nice on the charts."

"Mahindra and Mahindra (M&M) is doing the exact opposite. It consolidated yesterday and broke down from the consolidation. It is very worrying, it is showing poor relative strength. It is a short sell and surprisingly it would actually be held on to as a positional trade also," he added.

Also Read: August auto sales continue to disappoint; exports rise

Follow us on
Available On