Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Global equity indices look Bearish in here.PE
Note: Shanghai has fallen breaking psych 3000 support indicating further Bearishness. Nikkei, Nifty and other Asian equity indices could follow. DAX and DJIA are also trading lower and could also be dragged down near to medium term.
DJIA at 24987.47, -0.41%, and DAX at 12834.11, -1.36% are trading lower.
Note: DIA’s 1st support is at 24750, while that holds, see a bounce up. A break below 24750 would turn DIA Very Bearish medium term.
Similar support on DAX is seen at 12700, a clear break South will trigger Bearishness.
Nikkei at 22482.89, -0.87% is headed to 22400-22200. A clear break below 22200 would push it to lower marks near term.
Shanghai at 2961.78, -1.98% broke psych support at 3000 indicating coming Bearishness. Shanghai is likely to test 2900 in here.
Note: Asian equities have been falling for the last few sessions and are indicative of bearishness for the near term.
Nifty at 10799.85, -0.17% remains stable around 10800. A sharp down move is required to take it lower to 10600, not seeing it yet.
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