Nifty has support at 4900: Karvy

According to Karvy Stock Broking Technical Analysis report, Nifty has crucial supports placed at the Monday’s lows around the 4900 levels. Any breach below the same may be considered negative and the Nifty will be seen testing the 4800 as first support.

Karvy Stock Broking Technical Analysis report:

World markets have once again witnessed a negative closing. Domestic indices have crucial supports placed at the Monday’s lows around the 16500/4900 levels. Any breach below the same may be considered negative and the indices will be seen testing the 16200/4800 as first supports. Resistances for the day are placed at the 17100/5100 levels.

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