Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 24271.41, +0.23% has risen, while the daily trend support at 24000 holds, the DIA could move up towards 25000. Near term looks Bullish to me.

DAX at 12306, +1.06% is ranged within 12400-12100 now. A clear break below 12100 could take it to support near 11800.

Nikkei at 22288.67, -0.071% is stable while trading above 22000 and could move to 22600-22800’ish. Overall broad movement in the 22000-22800 zone likely medium term.

Shanghai at 2823.43, -0.84% bounced a bit, and while it above 2750, there is chance that the benchmark could trade sideways within 2750-2850. Or, a clear break below 2750 medium term could open up a fall to 2700 soon.

Nifty at 10714.30, +1.18% bounced from 10550 and set to test at 10850. A clear break above 10850 indicates Bullishness going froward, thus negating a correction now.

Have a terrific week.

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