Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing New. PE
DJIA at 23400.86, +0.31% stable above 23250, and will attempt a rise to 23750, longer term, 23750-24000 could be an immediate top for DJIA, but maybe not. Do not call tops.
DAX at 13133.28, +1.39% breaking above 13100, possibly inviting The Bulls to take it up near term. While DAX trades above 13100, look for a 100-300 pts rally in the coming sessions with some corrective dips. I am Bullish now.
Nikkei at 21952.35, +0.98% maintaining its Northside rally could test 22250 in here. Target for the next 3 wks at 22666. Some rejection is possible at 22250. Near to medium term looks Bullish to me.
Shanghai at 3419.67, +0.36% tested at my 3420 target and could continue to move up in the near term. A dip is possible from 3425 before resuming the rally to 3450 medium term.
Nifty at 10343.80, +0.47% tested major resistance at 10345, which if holds could bring the Nifty down to 10250-10200 in here. But in case Nifty rises more Friday, it could test at 10400.
Have a terrific weekend.