Trade short in Nifty for target of 5050-5000: Karvy

MUMBAI: Karvy Stock Broking has advised traders to go short on Nifty for target of 5050-5000.

"The indices are expected to open on a negative note in response to the negative Global indices. Traders are advised to trade short in Nifty from 5080-5100 levels with stop loss placed at 5120 for the targets of 5050 and 5000 levels," the report said.