Buy ABB near Rs 860, says Rajesh Jain

Buy ABB near Rs 860, says Rajesh Jain, EVP Retail Research, Religare Sec.

Jain told CNBC-TV18, "ABB has moved sharply higher in last one month after a sideways consolidation for more than a week the stock has closed near its high on Tuesday. One can buy near Rs 860 keeping a stoploss of Rs 850 for target of Rs 890. A closing above Rs 900 can take the stock much higher."