Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary:Major indices are mixed. DIA and Nikkei have room to rise in here while DAX, Nifty and Shanghai looks Bearish. PE
DJIA at 25322.31, +0.023% and DAX at 12842.91, +0.60% moved up a bit. DJIA could rise further to 25750 while DAX sees 1st resistance at 12900, need a clear break to move to 13100. Overall, North for DAX may be capped at 13100 then a corrective dip may happen.
Nikkei at 22867.41, +0.28%, and Shanghai at 3054.48, +0.055% are up Tuesday.
Nikkei broke above resistance and if the rise holds, the index could test 23500 in here. Or, a fall to 22000 may happen.
Shanghai is likely to break below 3050 near term, opening up chances to see 2950.
Nifty at 10786.95, +0.18% tested 1st resistance at 10850 Monday but could close above 10800. While this resistance holds, the Nifty could come off to 10650 in here. A break above 10850 turn it Bullish medium term.