The market is holding on to its gains, though slightly off the day's lows. Sensex is currently at 19,556, up 193 points and the Nifty is at 5853, up 91 points from the previous close. Market breadth is strong, with 994 advances against 197 declines on the NSE.

If Arvind Mills can cross Rs 78-80 with huge volumes, then Rs 85-87 is possible, says Vijay Bhambwani, technical analyst, on CNBC-TV18. He recommends exiting the counter at higher levels.