Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Nothing new. PE
DJIA at 25007.03, -0.68% is trading at Key resistance now. Resistance 25200 on the 3-day candle is holding well and there is room for a fall to 24400-24000 medium term. While DJIA trades below 25500, my view is Bearish towards 24000 in here.
DAX at 12221.03, -1.59% fell in line with expectations, and while trading below 12500, there is risk for a move to 12000-11800 in here.
Nikkei at 21748.30, -1.00% is trading along the resistance line. Trade within 22000-21400 is possible in the next 2 of sessions. A fall below 21400, if seen could push it South to 21200-21000. For now the index is likely stable or see a short corrective dip.
Shanghai at 3294.85, -0.48% looks to be holding below 3350 as mentioned Tuesday. While trading below 3350, see 3250-3200 this week or next.
Nifty at 10426.85, +0.05%, and Sensex 33856.78, -0.18% both tried to move up Tuesday, but came off to close mixed. If the Northside momentum continues, the indices could move to 10500 and 34500, or see a dip to 10380 and 33500 could happen near term.
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