Buy Mahindra & Mahindra: Sukhani

Buy Mahindra & Mahindra, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Mahindra & Mahindra (M&M) made new highs and new highs should be bought into. It has done this almost by strength. It's not in the news. It is going up a bit everyday, almost like REC. It does seem that M&M could be a short-term outperformer among the other auto stocks, so I am looking to buy it."
He further added, "BF Utilities is a good chart. It built a base. It broke out of that. It was in our list earlier. It broke out another larger trading range on Friday and that suggests that the breakouts are now genuine. It's giving a pattern of higher highs-higher lows. It is also suggesting that the breakouts pertains much higher levels of BF Utilities. So for a day trader - buy on dip, one could be surprise on the upside and for position traders - take a position and hold on to it."