Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: DJIA looks stable to strong inhere. PE
DJIA at 24190.90, +1.38% may trade within 24500-23000, and try to move above 24500 near term. Note: Support near 23200 on the 3-day, which if it holds, may drove DJIA to Key resistance at 24800 this week.
DAX at 12107.48, -1.25% is down, looking to find support in the 11900-11800 area from where a bounce could happen in the coming sessions.
Nikkei at 21382.62, -2.32% is likely to move up while support at 21000 holds for now. A bounce to 22200 or higher is possible.
Shanghai at 3139.38, +0.30% broke below the channel support on the weekly. While it trades lower, a test of 3000 is seen. A clear break below 3000 could signal a sharper fall near to medium term. Watch price action near 3000.
Nifty at 10454.95, -1.15%, and Sensex at 34005.76, -1.18% holding above 1st support near 10320 and 33500 respectively. While these supports hold a short term bounce is on the cards.
Have a terrific week.
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