Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Nothing New.PE
DJIA at 26616.71, +0.85% is moving North, headed to 27000 or higher near term. DJIA looks Bullish to me.
DAX at 13340.17, +0.31% came off sharply, and, while below 1340, Southside is open to 13000.
Nikkei at 23749.33, +0.50% is stable in here. But USD/JPY may test support at 108.80 or lower and could bounce to 109-110 this week. That seen, may prove to be Bullish for Nikkei to 24000-24200. We wait, we watch for confirmation.
Shanghai at 3552.05, -0.17% came off from 3588 and may trade within 3600-3525 now. Near term looks ranged to me
Nifty at 11069.65, -0.15%, and Sensex at 36050.44, -0.31% were stable Thursday, last week. We need to see if the indices are able to move above the recent highs, or moves sideways and dip this week. Prefer a dip to 10900 on Nifty and 35750 on Sensex.
Have a terrific week