Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Stock indexes are trading lower, and that may extend for a few more sessions.PE

DJIA at 23271.28, -0.59% has come down, and could head to my target at 23200-23000 in the next few sessions.

Note: 23000 is Key near term support and likely to hold medium term producing a bounce to 23400/500 next week.

DAX at 12976.37, -0.44%, it the Southside momentum continues it may possibly not stop at 12900 . A break below 12900 could take DAX lower 12800-12600 next.

Nikkei at 22210.45, +0.83% trading higher than Wednesday’s close at 22028.3, but has room of falling to 21800 medium term  Near term looks Bearish to me.

Shanghai at 3398.91, -0.11% has come down as expected and could test 3380.

Note: 3380-3450 is an important region of trade near term and is likely to hold in here.

Nifty at 10118.05, -0.67% made an intra-day low of 10090 Wednesday, as expected and bounced  to close above 10100.

Note: that 10000-10100 is an important near term support which is likely to hold in the 1st attempt producing a bounce to 10300/400. But in case 10000 breaks to the Southside, then the index could be vulnerable to a sharp fall by end of this month.

Stay tuned…

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