Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Overall, global stock market indexes are mixed. DIA looks Bullish on a successful attempt to break out above 25250. DAX is stable near term. PE

DJIA at 25241.41, +0.38% marked an intra-day high at 25326 and faded. This rise could turn Bullish for DIA to 25750-26000 near term.

DAX at 12811.05, -0.15% does not look Very Bullish now. There is a chance for a move to 13000-13100 but see Bearish possibilities too for a move to 12600-12500 or lower.

Nikkei at 22787.42, -0.16% tested resistance at 22800. If it holds, may see a rejection, pushing the index to 22000. But, if  Nikkei breaks above 22800-23000, it could turn Bullish medium term.

Shanghai at 3077.65, -1.02% dipped from 3150, is headed to 3050. Near term it will be ranged within 3050-3150.

Nifty at 10768.35, +0.78% looks ranged within 10850-10600 for now. A clear break on either side will give us the direction, till then Neutral Nifty.

Have a terrific weekend

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