Exit MCX India at higher levels: Pritesh Mehta

Pritesh Mehta of IIFL told CNBC-TV18, "Event based selling was seen in Multi Commodity Exchange of India long back and because of that technical charts are completely scattered. Post that event, there was a series of consolidation and after that we had a bit of bounce coming in."

"I feel it will be difficult for the stock to clear their resistance of Rs 620-625, so there is no point holding on to MCX for longer purpose. At higher levels one should be exiting," he said.