Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Nothing new.PE
DJIA at 24651.74, +0.58% could spend a few sessions sideways before moving up to 24800 or higher. Near term looks Bullish to me.
DAX at 13103.56, +0.27% rose from 13000, but while below 13150, chances of a fall again to 12900 remains. A clear break above 13150 is needed to trigger a move higher.
Nikkei at 22820.81, +1.19%; the resistance at 23000 has not been able to push the index below 22000. While Nikkei is trying to re-test 23000 it could again come off to 22600 again.
Note: Continuous testing of 23000 may give way on the Northside for the longer term, strengthening the Bulls to 23200-23400 long term.
Shanghai at 3263.75, -0.07% heads to 3250, and is likely to move to lower in the coming sessions. 3250-3230 is the target near term.
Nifty at 10333.25, +0.79% made an intra-day high at 10350 before closing lower Friday. With the Gujarat Election results, the Nifty is likely to move up further if the BJP wins. A test of 10400-10450 seems likely.
Note: 1st resistance is seen at 10500.
Sensex at 33462.97, +0.65% seeing 1st resistance near 33750, but may move up Monday to 34000
Have a terrific week