Exit ABB India, says Kunal Saraogi

Kunal Saraogi, CEO at Equityrush told CNBC-TV18, "Investors would take the profit and exit ABB at current levels and the reason for that is the stock is very close to a major resistance level. It faces resistance to about Rs 1,160-1,180 and now that it’s stating close to that level, this is as good a time as any to take profits home and exist. The stock look for buying opportunity at lower levels once it comes down."

At 14:49 hrs ABB was quoting at Rs 1,140, down Rs 7.80, or 0.68 percent.

The share touched its 52-week high Rs 1,225.55 and 52-week low Rs 586.40 on 09 September, 2014 and 10 September, 2013, respectively.