Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: DJIA is set up to rally PE
DJIA at 24899.41, +0.27% tested at 24994 intra-day, came off some. While the Key resistance on the daily holds, DIA may dip to 24750-24700 before taking another run at 25000, then higher.
DAX at 12977.71, -0.18% may test 12900 before moving to 13200-13300 near term. Overall trend is up and DAX looks Bullish to me.
Nikkei at 22862.79, -0.013% looks strong in here and 22600 is strong support. While the Northside momentum continues, there are chances of testing 23200+ medium term.
Shanghai at 3168.60, -0.16% is stable and may find it difficult to break above 3200 in here. The next 2-sessions could be stable below 3200, then see either a sharp fall to 3100 or a break above 3200.
Nifty 10806.60, +0.10 looks Bullish while it trades above 10750, Nifty could move to 10900 yet this week.