Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing New. PE
DJIA 22830.68, +0.31% could face rejection from resistance zone of 22800-22850 levels and could possibly see a corrective dip in the next few sessions. Only on a break above 22850, we would look at higher levels of 23000.
DAX 12949.25, -0.21% is trading below major resistance near 13000-13035, and while that holds, the DAX could trade sideways below 13000 or come off towards 12900-12850 near term. Directional view is Bearish for now.
Nikkei at 20878.13, +0.26% is up and is ready to test Key long term resistance near 21000 soon, A sharp correction from 21000 is the preferred action.
Shanghai at 3387.31, +0.13% bounced from 3360, also the 21-Day MA, contrary to expectations of a test to 3325. While trading above 3360, the price could rise to 3400-3425 near term.
Nifty at 10016.95, +0.28%, while it trades above that support, could see an up move to 10100 soon. Only on a fall below 10000, negate the chances of an immediate move to the Northside.