Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Nothing new. PE
DJIA at 23932.76, -2.34% came off sharply Friday after seeing a 2-day bounce from near 23500. Overall the trade region is narrowing within 24300-23300 and DJIA will soon break on either giving us more clarity about direction medium term.
DAX at 12241.27, -0.52% is trading at 1st resistance seen on the daily candles. While the resistance at 12300 holds, the DAX is likely to come off to 12000-11800 in the coming sessions. A break above 12300, if seen would drive the DAX to 12500 and higher medium term. Watch price action here.
Nikkei at 21588.03, +0.10% has resistance near 21800, if that holds, it could push Nikkei to 21000 or lower medium term. A sustained rise above 21800 will indicate Bullishness, but while USD/JPY looks Bearish, a rise in Nikkei is not on the cards.
Shanghai at 3126.66, -0.14% is trading at Key marks now. The index has support at 3100 on the candle, the 3-Day line shows that the price has broken below the immediate support and may look Bearish for now with a possible target to 3000.
Nifty at 10331.60, +0.06% has some support at 10100 and may keep the index higher now. A rise is possible to 10400-10500 in the next 3 sessions.
Sensex at 33626.97, +0.09% has to break above 34000 for some medium term Bullishness. While trading below 34000 the price may continue to trade sideways/neutral.
Have a terrific week
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