Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Global stock indices see more Northside in the coming sessions after trading lower to sideways. PE

DJIA at 24360.14, -0.50% and DAX at 12442.40, +0.22%) saw highs above 1st resistances on daily candles Friday. A clear break of those resistances could lead to 25000 and 12800-12900 respectively. But, if DJIA & DAX come off again there, they could target 23250 and 12167 over the next 1-2 weeks.

Nikkei at 21829.77, +0.23% broke resistance on daily, and could move to 22300 before coming off from there.

Shanghai at 3134, -0.79% may test support at 3125-3075 this week, then it could bounce.

Nifty at 10480.60, +0.21% saw a high of 10520 Friday before closing lower at 10480. It could continue to stay below 1st resistance at 10550 this week.

Sensex at 34192.65, +0.27% could see support at 34100, if turned back from the near term resistance here could fall to 34000-33750 this week.

Have a terrific week.

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