Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: On the DJIA, rise is possible but, it be capped by 1st resistances. PE

DJIA at 24813.69, +0.72% move up to resistances at 24800-25000.

Note: a clear break above or rejection here will be Key to drive the next direction.

A break above 25000 will be Very Bullish medium term targeting 25500-25750, a rejection at 25000 could push DIA to 24000 again.

DAX at 12770.75, +0.37% finished in the Red. DAX could be ranged within 12900-12500 for this week. Important resistance is at 13000-13050, and could hold medium term to push DAX to 12500.

Nikkei at 22482.85, +0.031% is headed to resistance at 22800. But, overall long term looks Bearish to me.

Shanghai at 3083.82, -0.24% looks stable now. Some range-trade within the 3050-3100 zone is possible near term. A clear break above 3150 or below 3050 will determine the direction. But for now the index is in consolidation mode.

Nifty at 10628.50, -0.63% as expected. Some more Southside to 10500 is possible then a pause.

Sensex at 35011.89, -0.61% came off, and could test 1st support at 34750.The index could trade lower Tuesday and then see a bounce at the end of this week.

Stay tuned…

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