Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary:Short term rise is possible in here, but may be capped by 1st resistances. PE
DJIA at 24635.21, +0.90% is ranged within 24250-24800, and while it trades belos 24800, there is room to retest 24000-23750. While DIA trades above 24250 it may break above 24800-25000, this is needed to signal longer term Bullishness.
DAX at 12724.27, +0.95% has enough room to test to 12300-12200 and could be seen medium term on failure to bounce from current marks.
Nikkei at 22458.93, +1.30% is headed to resistance at 22800 and could see rejection there, and a push back to 22000 or lower over the next few weeks.
Shanghai at 3083.65, +0.28% is stable. While it trades above 3050, there room rise to 3100-3150 and beyond. Or, may see consolidation within 3050-3100 during this week.
Nifty at 10696.20, -0.37% sees resistance at 10850, while that holds, Nifty could trade below 10850, and to 10600-10550. A rise to 10850 is possible in here before a sharp fall comes. We wait, we see.
Have a terrific week.