Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

Note: DJIA rebounded Wednesday, reclaiming about 50% Tuesday losses.

DJIA at 24768.93, 0.25% marked a low 24629 Wednesday after fading from the 1st  resistance, and could continue to 24250 or move up to test at 25,000 in the next few sessions.

DAX at 12996.33, 0.20% move up Wednesday after closing at 12916 Tuesday. DAX could come down to 12950-12900, and rise again. Our medium term outlook for DAX is Bullish.

Nikkei at 22817.88, 0.44% saw support at 22700 Wednesday and rose to 22800+, seeing 23000+ in the days ahead.

Shanghai at 3159.88, -0.31% is dipping from resistance at 3180-3200 and looks Bearish towards 3100 near to medium term to me.

Nifty at 10741.10, -0.56% as broken 1st support marking a low at 10699 Wednesday. If this break continues, may see Nifty coming off to 10600 near term.

Stay tuned…

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