Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing new. PE
DJIA at 24117.59, -0.68% rose above 24500, came off and closed lower. DIA near 24000 is psych support which could hold then drive prices North. A clear break below 24000, then targets testing to 23600-23500.
DAX at 12348.61, +0.93% is seeing its support hold, what it does DAX could target
13000 medium term.
Nikkei at 22177.58, -0.42% is moving lower, could pause now at or near psych support at 22000. Failure to bounce from 22000 sees it to 21800-21500.
Shanghai at 2814.45, +0.045% sees the psych support at 2800, if it holds may rise to 2850-2900. But 2800 may not act as a strong support and an a break below 2800 is seen.
Nifty at 10671.40, -0.91% came off Wednesday marking an intra-day low at 10652. A clear break below 10650 will trigger a medium term fall to 10400 or lower yet this week.