Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Global equity indices still look Bearish in here.PE
DJIA at 24657.80, -0.17% closed below 24700 Wednesday, if DIA fails to rise above 24700 again, the index could turn Bearish for a test to 24250-23750.
DAX at 12695.16, +0.14% if DAX moves above 12700 near term, it could run back to 13000. Or, if we see a fall to 12600, then focus it on the Southside.
Nikkei at 22681.38, +0.56% bounced from 22200, while that holds, the index could to resistance at 22800, while that holds some ranged action within 22800-22200 is seen.
Shanghai at 2927.70, +0.41% is holding above 2850, and could test 3000 before seeing another fall. Near term rise to 3000 is likely within a longer term Bearish outlook.
Nifty at 10772.05, +0.58% trades within 10650-10850 with no clarity medium term. A sharp falling move is needed to push it to 10600.
Sensex at 35547.33, +0.74% is trading within 35250-35750, and could soon come out of the range in the next week, up or down is the Big Q.