Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Nothing New.PE
DJIA at 26210.81, -0.01% appears stable. I am holding my view of a rise to 26400-26500 in here.
DAX at 13559.60, +0.71% gaped open, and is trading higher. While trading above 13500, there is room to rise to 13750 or even higher now.
Nikkei at 23989.08, -0.56% paused, and could be ranged within 24150-23500 for 2-3 sessions before trying to move up again.
Note: At 24200 is a near term resistance and if that holds, could bring a dip or a sideways consolidation in here.
Shanghai at 3534.29, -0.34% has come off from 3557 due to a fall in Copper prices as inventories surged and could dip to 3525-3500 yet this week.
Note: 3500 is 1st support and could hold in here. On a clear break above 3557 medium term, there is the chance to test at 3600 longer run.
Nifty at 11083.70, +1.07%, and Sensex at 36139.98, +0.96% has been rising for the last few days and it would be difficult to say what the 1st targets are in here. A test of 11200-11400 looks a possible scenario near term on the Nifty, the Sensex 36500-36700 looks possible. A pause to the rising rally could occur ar the end of the month.