Hold ABB, says Shardul Kulkarni

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Shardul Kulkarni See what other Experts & Brokerages are saying about ABB See messages about ABB ABB BSE | NSE 21/02/12 Are Mutual Funds betting on ABB?

Hold ABB with a stoploss of Rs 800, says Shardul Kulkarni , Angel Broking.

Kulkarni told CNBC-TV18, "I would expect that Rs 800 is a decent support level for ABB. So you can hold on to long positions with a stoploss of Rs 800. Below Rs 800 the stock is expected to crack to around Rs 740 levels, so ideally one should exit out below Rs 800."

He further added, "Presently one can hold on to long positions with a stoploss of Rs 800. Upside we see resistance around Rs 860, so Rs 60 band is where we expect trading for the next few weeks."

Disclosure: We have recommended the above stock to our clients and we have in our portfolios.