Buy Mahindra and Mahindra, says Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Mahindra and Mahindra (M&M) has been in disappointing. It was in a trading range, it broke down and it literally underperformed. That underperformance may now stop and there is a theme that is going on that is coming in autos, that is coming in banks; that the sharp correction is probably coming to an end."

"M&M is a buying opportunity not only for day traders but also if you want to carry a position through next week, you can use Options if you like," he added.