Dalal Street Week Ahead: Wise to book profits at current levels unless the Nifty moves past 18,400; highly stock-specific moves seen

The derivative data shows that Nifty has a stiff resistance between 18,300-18,400 levels. The markets will remain under consolidation so long as it trades below this zone. Fresh resumption of up-move shall happen only after Nifty moves above 18400 levels. Volatility remained unchanged; India Vix declined just 0.10% to 14.39.