Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: FOMC 25 bpts prices in to DJIA. PE

DJIA at 24727.27, +0.47%, and DAX at 12307.33, +0.74% were up Tuesday. DJIA looks Bearish, while trading below 25000 now, while DAX may come off while trading below 12500. The rejection from 12500 has not produced a sharp rejection for DAX and the index ranged within 12200-12500. A break on either side will determine the direction. Dips could take DJIA to 24200 and DAX to 12200.

Nikkei at 21380.97, -0.47%) has support just below current levels. While Dollar Yen remains ranged in the 107.50-106.0 region, Nikkei may trade above support with the upper limit near 22500 just now.

Shanghai at 3309.83, +0.58% is trading in the 3350-3230 region and I see it trading sideways for now.

Nifty at 10124.35, +0.30% bounced from 10070, if that holds, the index could move to 10320 in here.

Sensex at 32996.76, +0.22% bounced, and could test at 33250. The trading range could narrow in here.

Stay tuned…

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