Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Overall global stocks are mixed, except Shanghai which faded from resistance, the other indexes are trading below resistance marks and could soon fade too. Pay attention in here. PE
DJIA at 25333.82, -0.32% closed lower but above support above 25250, there may come a bounce to 25500 or higher medium term. A clear break below 25250 halts a rise in DIA, and pushes it down to 25000 next week. Action near 25250 is Key now.
DAX at 12737.05, -0.53% dipped, and could test to 12700 before a bounce to 12900-13000 comes.
Nikkei at 22654.91, -0.40% looks ranged within 22600-23000 in here. If the Nikkei falls to 22600, it could then see 22600.
Shanghai 2764.90, -2.11% fell from 2900 Wednesday and trades lower Thursday in line with expectations. A fall to 2750 and lower is on the cards. Near term looks Bearish to me.
Nifty at 11346.20, -0.091% faded from 1st resistance, and may could another dip before moving to 11500-11550 ahead.