Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: The world’s major indices looks Bullish with strong upward momentum in here. PE
DJIA at 22118.86, +0.28% looks Bullish towards 22400 in here, where a pause to refresh may happen. Some resistance is see at 22300, but if the Northside momentum is strong, it could break on the Northside this week.
DAX at 12524.77, +0.40% is headed North 12750-13000 now. While the Northside momentum looks strong , rally is likely to continue near term.
Nikkei at 19869.82, +0.47% is headed towards 20000, 1st resistance now. A break above 20000 if seen near term could take it to 20200 medium term. Near to medium term looks Bullish to me.
Shanghai at 3373.44, -0.18% looks ranges within 3400-3350, 3400 being a Key resistance. While, trading below 3400, look for a dip near term. But if it continues to trade sideways, it may be base building for a sharp spike near term.
Nifty at 10093.05, +0.87% could re-test 10150, the prior high seen on 1 August. If 10150 holds, could see a move South to 10000 or lower, or a rise past 10150 could turn Bullish for the coming sessions. We will see.
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