Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Global equity indices still look Bearish in here.PE

DJIA at 24700.21, -1.15% closed below the daily trendline support at 24750, and has opened the path  to 24000-23600 now. Unless we see an immediate bounce back above 24750 medium term is Bearish.

DAX at 12677.97, -1.22% tested to 12600. If 12700 acts as major resistance, then DAX could fall to 12400. Or, we may see a bounce back to 12800-12900 in here.

Nikkei at 22287.42, +0.040% fell as expected and looks Bearish to 21800.

Shanghai at 2881.21, -0.92% dove on tensions over US-China trade relations and the index could test to 2800-2750, which may provide some near term support.

Nifty at 10710.45, -0.83% may see support within 10700-10650. Near term looks Bearish in here, but the Southside may cap at 10650.

Stay tuned…

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