Exit Rolta India, says Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "From a trading perspective, I think one should move out of Rolta India because I see a decline probably to around Rs 72 or Rs 70 over the next couple of trading sessions.

"The stock faces strong resistance and there is a clear supply zone in the range of Rs 77-78. So one can move out of the counter. You can get the stock at lower levels, probably around Rs 71 or Rs 70.

At 11:54 hrs Rolta India was quoting at Rs 74.30, down Rs 2.15, or 2.81 percent.

The share touched its 52-week high Rs 78.65 and 52-week low Rs 50 on 15 January, 2014 and 12 June, 2013, respectively.