Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Japan is on Holiday. PE
DJIA at 23930.15, +0.022% came down to test Key support 23500 and bounced sharply to close at 23930, there is buying pressure 23500-23750 levels. The narrow range of 23500-24000 may continue Friday before a sharp breakout on either side if the formed up triangle’s tip is expected next week.
DAX at 12690.15, -0.88% is stable within 12600-12800, a clear break above 12600 is needed drive DAX to 13000.
Shanghai at 3096.71, -0.13% is likely to see sharp movement next week either breaking below 3050 or above 3150 to decide direction.
Nifty at 10679.65, -0.36% may remain below 10800 near term and head South to 10600-10500. A fall from these marks indicate a Bearish Nifty next week.
Have a terrific weekend