Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Global stocks are all stable now. PE
DJIA at 25574.73, +0.81% and upside may not be over. A test of 25200-25000 is possible before again moving to 25400-25600 medium term. Overall DJIA is in an uptrend and is likely to continue. Remember, the trend is your friend.
DAX at 13202.90, -0.59% was almost stable Thursday, and while the resistance near 13400 holds, DAX is likely to come off to 13000 near term.
Nikkei at 23697.46, -0.05% came off to test 23600. Near term looks Bearish with enough room on the Southside to 23200 and lower.
Shanghai at 3429.21, +0.11% is stable. Northside possibility of testing 3440 is open near term.
Nifty at 10651.20, +0.18% is testing Key support at 10600, while that holds, it is likely to see another run to 10700-10750 near term.
Sensex at 34503.49, +0.20% has support at 34250, while that holds, the index looks positive to 34750.
Have a terrific weekend