Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: DJIA is set up to rally PE

DJIA at 24831.17, +0.37% is rising and could test 25000-25200 in here. But, 25200 may act as 1st resistance as I see it on the daily. A break above 25200 indicates more Bullishness medium term.

DAX at 13001.24, -0.17% looks Bullish near term. While DAX holds above 13300, it could head to 13600 medium term.

Nikkei at 22810.87, +0.23% could see 23400 or higher looking at the 3-Day chart, as the recent break above 22600 indicates strong Bullishness ahead.

Shanghai at 3182.88, +0.62% should test resistance at 3200, then may come off. The Northside momentum could take it to 3200 +, followed by a sharp fall towards 3150 or lower medium term.

Nifty at 10806.50, +0.84% has room to move up while the support at 10600 holds. Today if the index remains above 10800, it may move to 10850. Near term looks Bullish to me.

Have a terrific week

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