Stock specific trading the way to go in the current market volatality: Sandeep Wagle

In an chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, shares his views on market outlook, Excerpts:

ET Now: Your closing thoughts on the market?

Sandeep Wagle: Well I would say that the stocks or the sectors are shifting, some other set of stocks will move tomorrow, some other set of stocks and probably sectors will move the day after. Midcaps are moving on their own so I do not see weakness per se in the markets.

I do agree that the upside is limited 6350 and once it is reached probably another 50-60 points, so I do not expect a 5, 7, 8, 10 per cent rally as far as Nifty is concerned but the bias is absolutely positive.

I would not trade in the Nifty and look at stocks which are outperforming and you can make your 5, 7, 8, 10 per cent trading moves, you can get them in those stocks if you choose the right stocks and the sectors, so broadly positive bias and more stock specific in nature.