Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Global stock indices see more Northside in the coming sessions after trading lower to sideways. PE
DJIA at 24483.05, +1.21%, and DAX at 12415.01, +0.98% have moved up, and now have important resistances just above current marks. At this writing the futures are flat to unchanged.
Note: Watch price action carefully. If DJIA and DAX make a clear break above their respective important resistances, near term could see a strong to 25000 and 12900 respectively.
Nikkei at 21771.69, +0.51% looks stable, and can move to 22200-22400 near term before coming off from some.
Shanghai at 3170.10, -0.28, -0.25% is trading below 3200 now, it may test to 3150 then try to move to 3200. Near term looks Bearish to me.
Nifty at 10458.65, +0.40% rose nicely Thursday, it run on to test at 10500-10550. The a dip is possible to 10400 or lower.
Sensex at 34101.13, +0.47% room to test at 34500 if the Northside momentum continues.
Have a terrific weekend
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