Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


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

DJIA at 24448.69, -0.058% finished  higher after marking a low at 24324 Monday. The 21-Day MAat 24300 looks like good near term support, which could drive DJIA to 24600-24700. Overall see Dow ranged within 24700-24300 in here.

DAX 12572.39, +0.25% not able to break above 12650, while that holds, sideways trade within 12650-12400 is seen. A break above 12650 is needed drive DAX North medium term.

Nikkei at 22229.68, +0.64%, the Key resistance at 22,500 which could be tested in a few sessions. Then a fall to 22000 or lower is on the cards.

Shanghai at 3124.06, +1.83% rose from support at 3050 instead of breaking lower. If this holds, the index could move to 3150 or higher in here.

Nifty at 10584.70, +0.20% was stable Monday, and is set up to spend some time ranged within 10650-10500.

Stay tuned…

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