Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Nothing New.PE
DJIA at 26252.12, +0.16% was stable Wednesday No major movement expected in here. Trading within 26000-26500 is seen near term.
DAX at 13414.74, -1.07% came off from 13600 to re-test 13400 Wednesday. While trading above 13400, there could be chances of a rise to 13600 or higher in here, or a fall back to 13300 or lower is expected.
Nikkei at 23721.28, -0.92% came off a bit, as USD weakness brings down USD/JPY below 110. A fall back towards 23600-23500 is possible now, while the USD/JPY trades lower.
Shanghai at 3545.36, -0.40% is down Thursday, but is likely to hold below 1st resistance at 3570, as seen in the 3-day candles. On a clear break above 3570, then see 3600.
Nifty at 11086.00, +0.02%, and Sensex at 36161.64, +0.06% were unable to hold intra-day highs Wednesday. Some consolidation is expected for 3-4 sessions.
Note: a maximum upside of 11400 on Nifty and 36750 on Sensex is what I see. While trading below these marks, I look for a sharp pullback soon, or a clear break above 11400 and 36750 respectively will force me to review targets.
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