Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Seeing more Northside coming for DJIA after trading lower to sideways for the past several weeks. PE

DJIA at 24573.04, +0.87% Monday broke above Key resistance at 24500, if that holds, a move to 25000-25200 or higher is seen in here. Near term is Bullish, as long as DJIA trades above 24500.

DAX at 12391.41, -0.41% dipped from 1st at 12500. Unless DAX breaks North may see some consolidation while it comes off to re-test to 12200.

Nikkei at 21837.39, +0.0085% has been flat around 21800 for 3-sessions running. If the index holds above 21800, a rise in the weeks ahead is possible. Price action at these marks is Key to keep an eye pealed.

Shanghai at 3109.01, -0.051% cannot hold its rise from 3100 and should test support at 3080/3070. If that support holds, some more consolidation in the 3200-3080 is possible or a sharp break below 3080 could turn Bearish near to medium term.

Nifty to 10528.35, +0.46% and Sensex at 34305.43, +0.33% moved up sharply. Nifty seeing resistance at 10550.

Note: Sensex has has room to test at 34500-34750 near term, those are Key marks to watch for the Indian equity index.

Stay tuned…

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