Trade long if Nifty holds above 4200: Karvy

MUMBAI: Karvy Stock Broking expects a flat-to negative opening for the markets. It has advised traders to go long if Nifty holds 4200 levels.

���The indices are expected to open on a flat-to-negative note following the negative moves among the global markets. Trade long if Nifty holds above 4200 levels with a stop loss placed below 4160 levels targeting 4250 and 4280 levels. Investors are advised to remain cautious around the indicated resistances levels due to a risk of brisk profit taking in the indices,��� said Karvy Stock Broking note.