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.