Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Stocks look Bullish. PE
DJIA at 25385.80, +0.41% is headed to 25400-25600 as mentioned last week. DJIA look Bullish to me.
DAX 13385.59, +0.13% is trading at major resistance at 13400. In case it holds, DAX could come off to 13200 or lower, or it could move up to 13600. Will wait for confirmation of a break or a rejection from here to get clarity on the direction.
Nikkei at 23796.45, -0.22% is holding below 24000 now. But need a fall to 23500 or lower to negate a rise past 24000 in the coming sessions. Near term looks to be Bearish.
Shanghai at 3428.68, +0.43% is up, and is headed to 3450. A break above 3450 would be Very Bullish medium term. Watch the action near 3450.
Nifty at 10637.00, +0.13%, and Sensex at 34443.19, +0.26% looks Bullish in here, and could be headed to 10750-10800 and 34500-34650 respectively.
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