Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Stocks are stable and could either stay ranged or move North near term. PE
DJIA at 21374.56, +0.22% is moving in line with expectation, and could head towards our target at 21600 in the next 4-5 sessions.
DAX at 12805.95, +0.32% marked an intra-day high at 12798 Wednesday, and came off sharply, 13000 is a important near term resistance which if holds could push back the index towards 12400. A confirmed break above 13000, will become more Bullish DAX.
Shanghai at 3132.56, +0.06% closed near 3130 in line with expectations. A bounce back towards 3170 is seen near term.
Nikkei at 19797.46, -0.43% bounced from immediate support near 19755, while that mark holds, the index could rise to 20100 near term.
Nifty at 9618.15, +0.12% came down to support near 9570, and bounced back above 9600, and while 9570-9550 holds, there is room for a move to 9700.