Some time it better not to trade because the trend is not very directional and a sharp reversal may lead to more than normal losses in a particular trade. Coming few trading sessions are going to be only for steel hearted trader who work with strict and small stop loss. Given the above, if someone still ones to trade than one should expect strong bout of volatility. It is likely to move in a range, this range may go to a level of 4476 in the lower direction and if that is breached then we are likley to see a further downward movement of nifty and it may test 4267. In upward direction, level of 4650 , and 4717 are going to resistance area for nifty. Being stock specific is a all season strategy but depends on which stock u are trading. More than stock, select the sector to trade very carefully, as we our market is going to witness re-rating some of sector in both the directions.