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Trade Plan: Stay stock specific; Nifty vulnerable at higher levels.

The 50-stock pack not being able to move past the upper trend line of the Rising Wedge is an important technical point, which one needs to take note of.


For Tuesday and the upcoming sessions, unless Nifty moves past the upper trend line resistance area of 9,400, we will not see any sustainable up move.

The volatility moderately rose as India VIX climbed 2.03 percent to 43.45.

We expect a flat to a negative start to the session on Tuesday. The 9,300 and 9,385 levels will act as resistance, while support may come in at 9,205 and 9,110.

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