Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


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.

Stay tuned…

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.