Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing New. PE
DJIA 22872.89, +0.18% is trading just at the resistance on the 3-Day candle, at the same time broke resistance on the weekly candle indicating a rise towards 23250, while trading above 22850, 23000-23250 could be tested soon.
DAX at 12970.68, +0.17% is ranged within 13000-12900, and could trade sideways now. And while trading below 13000-13035, it is likely that DAX would come off towards 12850 near term. A break above 13035 would be surprising and could indicate new Bulls coming into the action.
Nikkei at 20978.56, +0.47% has been rallying, and has almost reached target resistance at 21000. This important to watch. A clear break above 21000 could indicate strong Bullish momentum and take Nikkie to 22000+, while a rejection from 21000, could initiate new Bears long term.
Shanghai at 3383.44, -0.14% is stable and could trade within 3400-3375 near term.
Nifty at 9984.80, -0.32% came off sharply Wednesday to below Key support at 10000. In case Nifty fails to bounce above 10000 near term., the dip could continue to 9900.