Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 24216.05, +0.41% bounced from Psych support at 24000, and while the daily trend support holds, there could be some Northside in DIA to 24750 and beyond. Or, a failure to hold above 24000 and may see 23600 soon.

DAX at 12177.23, -1.39% looks Bearish near term to 11800.

Nikkei at 22194.21, -0.34%, in case it breaks below the Psych support at 22000, it could be vulnerable to 21500 medium term. Watch price action at and around 22000 carefully

Shanghai at 2813.61, +0.96% could break below major support at 2800 and head to 2750 next week. The index looks Bullish with some possibility of a bounce to 2850 now.

Nifty at 10589.10, -0.77%  broke below 10650 as expected, and now it could target 10400 near term. The Nifty is Bearish into next week.

Have a terrific weekend

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