Sudarshan Sukhani upbeat on M&M

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am upbeat on Mahindra and Mahindra (M&M). So I am not concerned about the diesel ban. It is almost irrelevant when you look at the volumes that are going to be affected. The stock is still above Rs 1,200. So far as it keeps its head above Rs 1,200, I would expect it to come back into the revival mode somewhere. I would not short it. It is not a selling opportunity. It is a buy with some patience."He further added, "Tata Motors seems to have come out of that minor correction and it is suggesting that it is possible that momentum can push it higher. I don’t have a long-term buy on it. The charts are not suggesting a big move but for the January contract, the bias should be on buying it.""I talked about Cera Sanitary last week and that continues because that stock is in a trading range. So it has not gone into a place where it is exuberant. It has already done that earlier, now it is getting out of that exuberant space, moving in a trading range, suggesting that some of the overbought sense is out of the picture. So it is a buying opportunity, it is an investing idea, I don’t think it is a short-term trade," he said.