Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Still see more Northside coming for DJIA after a pause to refresh. PE

DJIA at 24748.07,-0.16% looks like it has paused in here. But, it will likely test at 25000-25500 medium term while it holds above Key support at 24500 support. Overall medium term looks Bullish for DJIA to me.

DAX at 12590.83, +0.042% is looking Bullish to me. If DAX holds its rise above 12600, it may then target 12800 this week or next.

Nikkei at 22309.15, +0.68% has moved North for the last few sessions, and now could move further North to 23000. This could pull up USD/JPY and may keep the rate above 107.00.

Shanghai at 3115.42, +0.78% paused near 3100, and if it does not bounce back immediately, it could fall to 3000 and then fall to 2900-2800.

Nifty at 10526.20, -0.21% tested important near term resistance 10600, while that holds, a pull back is possible to 10450.

Sensex at 34331.68, -0.18% tested at important resistance and 34600 and could come off to 34000 near term.

Note: Overall, both of the  Indian equity indexes could face some back and filling in here.

Stay tuned…

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