Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: DJIA and DAX rises are possible but, it may be capped by 1st resistances. PE
Note: DJIA and DAX face resistance just above current marke. A break on the up or a fall down drives the direction medium term. Nikkei is likely to be stable before falling sharply, Shanghai looks Bullish now. Indian stock indices look Bullish with 1st support below current marks.
DJIA at 24799.98, -0.055% head to psych resistance 25000 while that holds, a small retrace is possible. It is Key to see if DIA is able to break above 25000 and see 25250+ , if that happens it is a Key trigger for medium term Bullishness.
DAX at 12787.13, +0.13% tried to move above 12900 but could not hold. That indicates some Bearishness in here with a target of 12600-12500. Near term looks Bearish to me.
Nikkei at 22575.54, +0.16% trades below the resistance as on the 3-day lines. Some more sessions of sideways or Neutral action is possible before a sharp fall comes. Medium term looks Bearish to me.
Shanghai at 3116.03, +0.059% is trying to move North. While the rise continues, it could move to 3150-3175 near term.
Nifty at 10593.15, -0.33% hangs just above 1st support and could bounce to 10750 near term.
Sensex could start moving to 35500. Only on a Southside break below the current trend support will we focus on lower targets
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