TREND FOR 3rd MAY

The markets are clearly in a negative territory & are waiting for RBI guidelines. Of course the hawkish stance which the RBI is likely to take, has already been factored in & thus the NIFTY may move down to 5651 & on the upside may move up to 5768 - 5792. Though long positions should be avoided, compulsive traders can take long positions in MAHLIFE for a target of 427, CAIRN for a target of 372, GSPL for a target of 108, PIRHEALTH for a target of 480.

                                                             CHEERS !!!