Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Still see more Northside coming for DJIA in here. PE
DJIA at 24786.63, +0.87% continued to rise as expected, while it trades above 24500 there is room to rise to 25000-25200 into the end of this week or early next. We wait, we see.
DAX at 12585.57, +1.57% broke above resistance at 12500 following the movement in DJIA. While DAX trades above 12500, it looks Bullish to 12800.
Nikkei at 22130.25, +1.29% moved up with strength in the other major indices. A rise to 22500-23000 is on the cards near term.
Shanghai at 3054.98, -0.39% broke below the medium term support, and may indicate weakness overall for now. A fall towards 3000-2900 is possible near to medium term. My view is Bearish.
Nifty at 10548.70, +0.19%, and Sensex at 34395.06, +0.26% closed up Tuesday and may continue to move higher near term. Sensex is likely to move to 34500-34600, but Nifty closed just near the important resistance at 10550.
Note: If the Nifty manages to move higher, it see 10650-10700 levels, or fall back.
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