Bad News Across the Globe, But no sign of worries!!! Isn’t it Strange…?

A very short last week of April ends on positive note. I believe, this momentum can continue for some more time as price volume data suggest bullish signal. Still few of other indicators like PriceROC, and MACD on daily chart are not in favor of bulls, which also do not mean they favor bears! I would hold on my short positions and would limit my loss by buying calls. So in layman language I would not advocate to buy in full capacity, nor do advice for aggressive sell off. For proficient Trader, they can build new short with upside hedge @ current level. Nifty support exits @ 3442. Again I would caution you for sharp move on either side. Trader, be vigilant!