TREND FOR 5th MAY

Never try to catch a falling knife. The Markets for last seven days or so are in a downtrend, of course now it is getting into oversold zone & thus should bounce back, but the rate hike by RBI has seriously dented the Market sentiment, thus the NIFTY may go down to 5470 & on the upside may move up to 5646 - 5712. Though the long positions should be avoided, there are few stocks which are showing positive technical structure & thus positions can be taken in FINANTECH for a target of 866, GRAPHITE for a target of 101, MAX for a target of 175, MOSERBAER for a target of 49, ONGC for a target of 325.
                                                                 CHEERS !!!