Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing new. PE
DJIA at 24713.98, -0.22% is stable in here, and trading below the daily resistance. While that holds, a fall to 24380 is possible. Near term looks Bearish to me.
DAX at 13114.61, +0.91% moved up nicely, and while above 12900 expect DAX to move to 13200-13300 in the days ahead.
Nikkei at 22895.49, +0.25% looks strong on the daily, while the channel uptrend holds, Nikkei could move to 23200-23400 near term. So, my view is Bullish Nikkei near to medium term.
Shanghai at 3163.27, +0.28% is coming off from resistance near 3200, and could re-test 3100 or lower next week.
Nifty at 10682.70, -0.54% came down Thursday as expected and could target 10600 now. While it trades below 10800-10700, it could to come off to 10400 medium term.
Have a terrific weekend