Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Stocks look Bullish. PE
DJIA at 25283.00, -0.05% was quiet Monday. There is room for a move to 25400-25600 before a dip or consolidation is seen. Overall, DJIA looks Bullish to me.
DAX at 13367.78, +0.36% closed below resistance at 13400, while that holds, DAX could pause awhile before making a move higher. Failure to pause now could drive it to 13600-13800 in the next 2 of weeks.
Nikkei at 23843.70, +0.54% dip at resistance. Weekly resistance is seen and 24000 and that could be tested before a correction.
Shanghai at 3412.37, +0.08% is moving North and could test 3450. Near term looks Bullish to me.
Nifty at 10623.60, +0.61% may face rejection from 10750-10800 which could push it back towards 10400, while Sensex at 34352.79, +0.58% is likely to come off from 34500-34650, while trading above 34200.