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.
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.
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