Monday, December 10, 2007

The market has opened slightly higher on Monday. The Sensex is at 20,064, up 98 points form the previous close. Nifty is at 5977, up 3 points.

If the Nifty falls to 5850 or so, one can use this as an opportunity to go long on the Nifty futures, says E Mathews, technical analyst, on CNBC-TV18.

Suzlon can go upto Rs 2,450, says Deven Shah, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1,985, up 2.6% on the BSE.

Telecom stocks are in the last leg of the rally and therefore, use it to book profits, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The growth in this sector will flatten out soon, he adds. But if you still want to be invested in this sector, then Reliance Communications looks good

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