Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Asian and EU markets are open. PE

DJIA at 24099.05, -0.27% seeing strong bids near 23750 and while that continues, DIA could drive 24750-25000. Overall, near term looks neutral to Bullish while trading above 23750.

DAX at 12612.11, +0.25% moved up as expected, and re-test major resistance at 12650.

Note: Watch price action now and if there is a clear break above 12650 DAX could turn Bullish targeting 12800 in her or, a rejection at 12650 would push it back to 12300-12200.

Nikkei at 22436.46, -0.32% dipped from 1st resistance at 22600, while that holds see 22200-22000 near term. If the Nikkei breaks above 22600, it could test 23000 medium term.

Note: Afall from here could be in line with a fall from 110 on USD/JPY.

Shanghai 3073.72, -0.28% seeing buying at 3050, while that holds a bounce to 3125-3150 may occur. Broad trade within 3150-3050 is possible near term. A break on either side of 3050-3150 indicates the market direction.

Nifty at 10739.35, +0.44% sees no intimidate resistance in here, if Nifty breaks above 10800, it may move to 11000 medium term.

Stay tuned…

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