Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
Commentary: Still see more Northside seen for DJIA after a pause to refresh. PE
Note: Nearly all major stock market indices seeing 1st resistances, and could either remain stable, crack or break them or dip in here.
DJIA at 24462.94, -0.82% came off Friday but while DJIA trades above 24250 it could rise back to 25000. A break below 24250 could trigger a decliner to 24000 or lower.
DAX at 12540.50, -0.21% is down a bit, and the resistance at 12600-12650 is important while that holds, a dip to 12400 is possible.
Nikkei at 22092.24, -0.32% rose last week, but the Northside is limited at 22500-22550 near term. A dip to 21800 may occur if the resistance at 22550 holds.
Shanghai at 3061.28, -0.33% is ranged within 3050-3150, and may remain stable this week before deciding direction. A break below 3050 could open up a fall to 2900. Watch Key mark at 3050.
Nifty at 10564.05, -0.012% is stable below 10600. Either Nifty stays stable for a few more sessions or come off to test to 10450.
Have a terrific week.