Nifty has support at 4580-4550: Finquest Securities

MUMBAI: According to Finquest Securities Nifty has support at 4580-4550 and any dip should be utilised for creating long positions.

"Nifty traded in a range bound manner yesterday and has formed an Inside day pattern. A breach of high at 4690 would lead to Nifty edging higher towards 4750 and then 4800 levels. On the lower side, Nifty has strong support at 4580-4550 zone. Any dip to that zone can be utilized for creating long for a target of 4700-4724," said Finquest Securities report.