European markets have opened almost flat. FTSE is trading slightly higher, while CAC and DAX are in the negative terrain. The market back home seems to be on the recovery path. The Sensex is currently at 18,541, down 366 points and Nifty at 5539, down 124 points from the previous close.

If Ambuja Cements can cross the resistance level of Rs 150-154, then it can go up to Rs 190-195, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. He recommends accumulating the stock at Rs 130-125 levels. It is currently trading at Rs 145.55, up 0.3% on the BSE.