Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Nothing new. PE
DJIA at 25178.61, -0.62% dipped instead of moving higher to 25500. Trade within 25000-25500 is likely to be seen in here.
DAX at 12418.39, +0.58% moved up in line with expectation, but may pause in the 12400-12550 zone now. If no rejection is seen at 12500, DAX could signal medium term Bullishness. Watch the action near 12500-12550.
Nikkei 21789.57, -0.16% is trading along the resistance line, and while it holds, a rejection to 21400-21000 is possible near term. On a clear break above current marks, we may negate an immediate fall towards 21000 and expect some Bullishness near term.
Shanghai 3323.47, -0.10% is stable with no major movement now, but while the medium term resistance at 3350 holds, a fall to 3250-3200 is on the cards.
Nifty 10421.40, +1.9% rose above 10400, and if it holds, the index could move higher to 10500-10620 in the sessions ahead.
Sensex 33917.94, +1.83% is at the interim resistance mark and if it manages to break to the Northside, it could test 34500, or to a rejection from here, and could indicate a corrective fall in here.