Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: DJIA’s Key support held. PE
DJIA at 26149.39, +0.28% was stable Wednesday. Note: that 25700-26000 is Key near term support region which may hold, keeping DJIA range-bound within 26700-25700.
DAX at 13189.48, -0.06% to move down to support at 13100-13000, then a bounce may be expected medium term.
Nikkei at 23410.66, +1.35% moved up from 23000. There is room on the Southside to 23000-22800, the index may try to move up to 23800-24000 again soon.
Shanghai at 3471.28, -0.27% is headed lower and could target 3450-3400 near term. My view is Bearish in here.
Nifty at 11027.70, -0.20% and is testing interim support 10980. A break below 10980 is needed to confirm a move South to 10900-10800 medium term.
Sensex at 35965.02, -0.19% is trading above support at 35750. A break South could bring move to 35000. Near term looks Bearish to me.