Prefer M&M Financial Services: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Mahindra & Mahindra Financial Services is a buy on a big dip opportunity and after a bear market it has been making a small double bottom, not very large, not technically significant but its there and the fact that it’s a blue-chip with good pedigree. It is telling us a shallow bottom is in place. If we buy and if we are right, we are literally buying at the lows, a trade that you can carry till expiry."

At 10:34 hrs Mahindra & Mahindra Financial Services was quoting at Rs 263.45, up Rs 1.80, or 0.69 percent. It has touched an intraday high of Rs 264.90 and an intraday low of Rs 261.80.