Trade long if Nifty holds above 4250: Karvy

MUMBAI: Karvy Stock Broking expects a flat opening for Indian markets. It has advised to trade long if Nifty holds above 4250 levels.

���Indices are expected to open on a flat note following the flattish moves in the US markets while the Asian indices are also trading on a mixed note. Trade long if Nifty holds above 4250 levels else from lower levels of 4220 levels with a stop loss placed at 4190 levels. Nifty has a crucial support placed at 4200 levels which if breached, speculative short positions may be assumed for day-trading. High caution is advised at higher levels due to the bearish implications prevailing in the markets,��� said Karvy Stock Broking.