Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
DJIA at 25410.03, -1.16%, and DAX at 12490.73, -0.29% dipped Tuesday Vs my expectation of further gainers.
DAX could test 12400 while below 12600 as mentioned yesterday while DJIA could re-test 25000 near term.
Nikkei at 22309.05, -0.36% has come off, and and see a move to 22200 or lower in coming sessions before it attempts to move up again. Near term looks Bearish to me.
Shanghai at 3252.80, -1.19% dipped as the resistance on the 3-Day line held. The index could come off towards 3250 near term. My view is Bearish for now.
Nifty at 10554.30, -0.27%, and Sensex at 34346.39, -0.29% are stable, sideways consolidation is possible in the coming sessions within 10620-10380 on Nifty and 34500-33750 on the Sensex.