Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: DJIA still looks stable to strong in here. PE

DJIA at 24964.75,-1.01% as expected fell slightly Tuesday. The 21-Day MA on the daily line charts looks to be acting as a near term resistance, while that holds, DJIA  could possibly test lower levels of 24500 24000 yet this week.

DAX at 12487.90, +0.83% is still trade below 12600. While trading below 12600 near term looks Bearish to me. Range trade within 12600-12300 looks plausible in here.

Nikkei at 22064.55, +0.64% looks stable and paused here. A clear break above 22200-22400 could indicate some near to medium term move to 22800.

Nifty at 10360.40, -017% sees 1st support here, and if that holds, see a bounce to 10500 or higher soon, or a clear break below current support could turn Bearish for the index in the weeks ahead.

Sensex at 33703.59, -0.21% has closed below 1st support on the daily candles and can test to 33250-33000, keep a keen eye if you trade this index.

Stay tuned…

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