Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Global equity indices look Bearish in here. PE

DJIA at 25090.48, -0.34% could test psych support at 25000 in here, a clear break below 25000 would be Bearish medium term. If 25000 holds, see another run at 25500.

DAX at 13010.55, -0.74% came off from the close of 13107 seen Thursday. Failure to see fast rise above 13100 indicates medium term Bearishness to 12800 or lower.

Nikkei at 22662.68, -0.83% has come off sharply, while the fall continues, a test to 22400-22200 looks possible.

Shanghai at 3021.90, -0.73% is stable in here, and needs to dip below 3000 to signal medium term Bearishness. Am watching the price in here for direction.

Nifty at 10817.70, +0.089% wants to break above 10850 to move to 10950. While 1st resistance holds at 10850, we could see a fall to 10650.

Have a terrific week.

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