Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN

Commentary: Nothing New. PE

DJIA at 24538.06, -0.29% has support in the 24000-23600, which is likely to test now. The support seen on the 3-Day candle is likely to hold medium term, pushing back DJIA to 25200. For now DJIA looks Bearish to 23600.

DAX at 11913.71, -2.27% is almost at the medium term horizontal support. While the support holds DAX may have move to 12400 and higher medium term, or a clear break below weekly support could indicate a fall to 11400 in here.

Nikkei at 21043.61, -0.65% is trading above Key support at 21000. If that produces a bounce, Nikkei may head to 22500, or it could come off to 20000.

Note: Keep an eye on the price action at 21000.

Shanghai at 3240.39, -0.43% is holding well below resistance at 3350. There is more resistance near 3270. While this holds, the near term outlook for the index is Bearish South to 3150-3100.

Nifty at 10458.35, -0.33% is likely to trade within 10560-10380, but there is room on the Northside if the medium term channel support at 10400-10380 holds and drives the index to 10800 or higher.

Sensex at 34046.94, -0.40% could bounce to 35000 near term.

Have a terrific week.

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