TREND FOR 4th MAY

RBI sent shivers down the spine of the Markets & it has plunged, however it has completed 50% retracement of the up move which started on 11th February, thus, though the Markets are technically in negative territory, are expected to bounce back & the NIFTY may move up to 5700 - 5751, on the other hand if the downtrend continues, it may move down to 5470. It is better to wait & watch till the Markets decide on it's next move. Long positions can be taken in CESC for a target of 321, CAROLINFO for a target of 158, SPICEMOBIL for a target of 111.
                                                                CHEERS !!!