Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing New. PE
DJIA at 21408.52, -0.03% is ranged within 21550-21250, and could possibly continue to remain so for another 2-3 of sessions. A corrective fall towards 21000 is seen medium term.
DAX at 12445.92, +0.46% gaped up but could not move above 12500. Only on a clear break above 12500 will negate a possibility of a fall towards 12300 or lower in here, if not DAX could start moving towards 12600 again in the near term. So, 12500 is a Key mark to watch.
Shanghai at 3203.93, -0.27% is still in the near term up channel. A slight dip towards 3200-3190 is possible before resuming the uptrend. Medium term looks Bullish to me.
Nikkei at 20135.63, +0.27% is rising as expected and could move up towards 20200-20300 near term.
Nifty at 9771.05, +1.09% moved up sharply Monday surprising the market. Monday’s move indicates sharp Bullish momentum in force, so while that holds, could see a rise towards 9850-9900 in a few sessions. Near term looks Bullish to me.