Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Watch the FOMC meeting results Wednesday. The Market Bulls seems to have paused to refresh, and may trade sideways or see another dip in here. PE

DJIA at 26076.89, -1.37% has come off from near 26700 as expected. While trading below 26700, it could test interim support over 25700 over Wednesday and Thursday.

DAX at 13197.71, -0.95% came off to test 13200 as expected and could be headed to 13000 in here. Near term looks Bearish for DAX, while trading below 13400. A bounce from support at 13000 is expected medium term.

Nikkei at 23267.22, -0.11% paused near 23200. The Big Q: will it come down to test 23000 or trade sideways in here.

Shanghai at 3468.82, -0.55% falling sharply from just below 3600. This is Key resistance as seen on the 3-Day candles, while that holds, Southside path to 3400 is clear.

Nifty at 11049.65, -0.73% is trading at support near 11040, a break below this mark could indicate that the Bull run may be over for now and the index may start to come off to 10980.

Sensex at 36033.73, -0.69% looks to test to 35750 in here. Near term looks Bearish to me.

Stay tuned…

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