M&M Financial Services may head higher: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Punjab National Bank (PNB) has been a slight underperformer in the recent weeks, may be it is going to catch up. It is in a very narrow range given the fact that the market is trending, it would be reasonable to expect a breakout from that narrow range to come sooner or later. We will just assume it is imminent, given the nature of the Bank Nifty’s rally."

"Mahindra & Mahindra Financial Services has been doing very well. It has already completed its mini bear market and is on the verge of making lifetime new highs. It is pushing against Rs 320-330. So, this push could propel it much higher. It is never easy to say it will happen today but we should be positioned because for the Nifty and the indices let us be on the long side. So, it did not mean that the markets have to go up on that very day but they did finally. In M&M Finance you need to be positioned on the long side; I think that breakout will come," he said.