Sukhani's view on RIL, M&M, sugar stocks

Sukhani told CNBC-TV18, " Reliance Industries is not a short sell, you wait patiently, prices will come down. That big move told us that some kind of a breakout has occurred in Reliance. We’ll go by that. So once prices come down, consolidate and that will take days, not just hours, then Reliance will become a buy again."

" M&M is showing good signs of traction on the upside. There is a buying opportunity here even at current levels. For people who are willing to carry positions for a few days, not for intraday. HDFC is going through a dip and that dip eventually will become a buying opportunity."

"No there is nothing in sugar that you can take a position on today. But I am assuming that by next week, a mild correction in sugar will be over and then it will be possible to reenter on the long side."