Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Looks like traders are for the most part factoring in that President Trump will in the trade negotiations. PE
DJIA at 24580.89, +0.49% seeing good support at 24250 but overall there could be chances of a fall towards 24000 medium term. Near to medium term looks Bearish towards 24000 with some choppy corrective Northside moves.
DAX at 12579.72, +0.54% is still ranged within the 12400-12700. With that the case seeing ranged/stable movement in here.
Nikkei at 22409.10, -0.48% has support at 22000, and the resistance near 22800 is important. While Nikkei trades below 22800, medium term looks Bearish for a test to 21500 this week.
Shanghai at 2884.76, -0.17% may trade sideways within 2800-2950 now. But a rise to 2950 is possible then a fall to 2800 or lower ahead.
Sensex at 35689.60, +0.73%, and Nifty at 10821.85, +0.75 are trading within ranges of 35250-35750 and 10650-10850 respectively. This could continue in here, before they break on either side of the ranges. Till then direction is unclear. So, we wait, we see.
Have a terrific week