Monday, November 19, 2007

A positive openeing is expected for the market, says an NDTV Profit Poll. The Nifty may breach its previous high today. It is expected to trade in the range 5875-5970. Stocks to watch today are Exide Industries, Bajaj Auto and SBI.

The market opened higher on Monday, despite slightly weak global cues. The Sensex is currently trading at 19,922, up 223 points from the previous close. Nifty is at 5957, up 51 points.

Sugar is a good space if you are looking at investing, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. If you have 3-4 quarters' perspective, then Bajaj Hindusthan and Balrampur Chini are good picks, he adds. As long as Bajaj Hindusthan sustains above Rs 200 and Balrampur Chini above Rs 90-92, momentum will continue in these counters, he adds.

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