Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Bears came out again Tuesday, and overdid it. PE
DJIA at 24667.78, +1.26% there is the possibility that DIA does not mark 24250, and move North to 25000 +, this action will validate a triangle formation indicating medium term Bullishness triggerig a fresh up-move. Or, DIA could fall from 25000 and range for a while longer.
DAX at 12783.76, +0.93% moved up instead of down, and although an up-move may happen in here, the Southside is open medium term while DAX trades below 12900.
Nikkei at 22148.01, +0.59% attempted to rise a bit. The 1st resistance is at 22400, if it holds could push Nikkei lower in here.
Shanghai at 3064.35, +0.75% bounced from 3045, if it holds, the index could head to 3100-3150 near term.
Nifty at 10614.35, -0.18% may see 10500, but while the run continues, the Nifty could head to 10700 or higher next week, on test to 10500.