Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: DJIA saw all resistances broken last Friday. PE
DJIA at 22328.63, +0.71% saw all resistances broken, and the index has been sharply rallying to make fresh highs almost daily. While the momentum remains intact, 23400-23500 is seen in the next few days.
DAX at 12991.28, +0.01%, dip seen and consolidation within 13100-12900 likely to continue for a few more sessions. Near term likely range-bound.
Nikkei 21658.25, +0.93% is coming off, price could see 21400 or lower in here
Shanghai 3378.12, -0.02% could head to 3400-3410 near term. Sideways consolidation within 3350-3410 is likely to continue near term.
Nifty 10146.55, -0.86% saw a sharp decline to 10146 from 10210 in the 1-hr Muhurat trading on Diwali. This could indicate an upcoming correction this week to 10050, then a bounce is possible later.
Have a terrific week