Buy M&M at around Rs 1200: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I have a view that the Mahindra and Mahindra's (M&M) charts are very upbeat, I think Rs 1,200 is a support. If support holds, M&M can go much higher. It has been in a range for months altogether. The stock is in a range, either go up or go down. In this case, the lower end finds support repeatedly. So, you have to be patient, but I would be a buyer around Rs 1,200 if that level is holding."At 13:15 hrs Mahindra and Mahindra was quoting at Rs 1,232.65, down Rs 51.65, or 4.02 percent. It has touched an intraday high of Rs 1,265.00 and an intraday low of Rs 1,210.80.