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Trade Plan: Take guard rising wedge on Nifty charts is telling you.


The market is likely to see a tepid start to Monday’s session. Technically there is a resistance at 9390 and support exists at 8835-8639’ the Nifty climbed up towards 9390 and has closed near it… now 9390 is a possibility and beyond that 9535 as long as 9100 holds.

Any downside moves are likely to make the trading range wider than usual.

Volatility in stocks continued to cool down, as India Volatility Index, INDIA VIX, declined 7.60 percent to 42.59.

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