Like Hindalco, buy ABB above Rs 1190: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "I think metals are definitely looking good. I would choose Hindalco Industries as well as Tata Steel. Hindalco is something I like from a medium-term perspective. I think we have settled down, Rs 70-75 is a good bottom for that stock so we should probably move to about Rs 85-90 levels. So, I am more convinced on that stock but again I agree that Tata Steel too looks interesting. "ABB India has been something which has come out of the woods all of a sudden and with the kind of volume that you see that cropped up in the last two or three sessions, it looks interesting to me. I would like to buy ABB if we can breakout above Rs 1,190 today. We close a tad bit lower but in intraday trade, let us say we do breakout Rs 1,190, I would be eyeing Rs 1,250 as intraday or one or two days tight target with a stop loss at Rs 1,160," he said.