Market may open flat :karvy

According to Karvy Technical Analysis report, world markets have ended on a mixed note. Domestic indices may witness a flattish opening; supports are placed at the Wednesday’s lows at the 12800/3850 levels.

Karvy Technical Analysis report:

World markets have ended on a mixed note. Domestic indices may witness a flattish opening; supports are placed at the Wednesday’s lows at the 12800/3850 levels. A breach below the same will invite short positions while an ability to sustain above the same may see the indices rallying until the 13500/4070 levels. We expect indices to end in the green in this week and hence buying is likely to emerge from lower levels in today’s
session.

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