Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Japan is off  it’s holidays, and back in the action. PE

DJIA at 24262.51, +1.39% moved up from support at 23500, while that holds, there is room for DIA to rise to 24400 now. The overall range is within 24400-23500, and expect it to hold medium term.

DAX at 12819.60, +1.02% moved up, and could run to 12900-13000 near term. I am Bullish while DAX trades above 12700.

Nikkei at 22372.14, -0.45% seen to respect the resistance here, and head to 22200 or lower this week. But, on a clear break above 22600, expect a run to 23000, or is likely to continue in a Bearish mode.

Shanghai at 3116.66, +0.83% must break above 3150 now to be able to move to 3200 or above, while trading below 3150, the index is ranged within 3150-3050.

Nifty at 10618.25, -0.57% came off from 10800 as expected, while that holds, the fall may target 10500 near term.

Have a terrific week.

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