Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing new. PE
DJIA at 24307.18, +0.15% is ranged within 24000-24500 now, while the daily trend support near 24000 holds, DIA has room on the Northside to 24750-25000 near term. But, a clear break below 24000 could push it to 23600-23200.
DAX at 12238.17, -0.55% is trading near support, it needs to bounce to 12800. Failure makes it vulnerable to a fall to 11800 medium term.
Nikkei at 21805.73, -0.028% broke below psych support at 22000 Monday and continues to trade lower now. The Bears look dominant, and could push the index down to 21400 near term.
Shanghai at 2752.98, -0.81% seeing a test to 2650 given the strong Southside momentum. Bears are fully dominant now and are likely in control for a while.
Nifty at 10657.30, -0.53% gave back Friday’s gainers. Nifty is likely to spend some time in the 10800-10600 range, but should break North or South next week. Overall the long term trend is up will likely continue for the longer term.
Have a terrific 4th of July!