Trade long if Nifty holds above 5000:Karvy

MUMBAI: Karvy Stock Broking has advised to trade long if Nifty holds above 5000.

“Indices are expected to open on a flat-to-negative note today tracking weak global indices. Traders are advised to trade long if Nifty holds above 5000 levels with stop loss of 4990 targeting 5030 and 5050. Alternatively, trade short in Nifty below 4990 levels for the targets of 4950/4920,” said Karvy Stock Broking note.