Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing changed. PE
DJIA at 24211.48, +0.29% bounced up Thursday. Daily candle support is seen near 24000. A test of 24000 is possible before the index rises back to 24600.
DAX at 13034.88, +0.28% remain in its sideways consolidation mode and could spend some more time there, say a week could be spent within 13200-12800 before attempting a rise above 13200.
Nikkei at 22772.53, +1.22% bounced to 22800 instead of a test to 22000. Overall the 23000-22000 region is holding, but Nikkei seems confused on medium term direction. We will wait for a confirmed break on either side for directional clarity.
Shanghai at 3271.02, -0.03% is likely to test to 3250-3230 while trading below 3300.
Note: 3230 is an interim support which could hold, driving the price back to 3300, or a fall to 3200 or lower will come into focus, if we see a break below 3230.
Nifty at 10166.70, +1.22% bounced from marks below 10050 and managed a close above 10150 Thursday.
Sensex at 32949.21, +1.08% rose as expected moving up to 33000. While important marks of 10000 and 33000 holds on Nifty and Sensex respectively, near term looks Bullish to me.
Have a terrific weekend.
Latest posts by Paul Ebeling (see all)
- The 5 Safest Cities in the World - October 13, 2019
- Box Office: ‘Joker’ Laughs with another $55-M in North America - October 13, 2019
- US Q-3 Earnings, Here They Come - October 13, 2019