Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 24174.82, -0.54% was shuttered Wednesday for the 4th of July holiday. While support near 24000 holds, DIA could trade sideways within the 24000-24800 for some time.

DAX at 12317.61, -0.26% is trying to move North and could try 12700 near term.

Nikkei at 21680.09, -0.17% could come down to test support at 21500-21200, while that holds, it could bounce to 21800 medium term.

Shanghai at 2763.37, +0.15% could test to 2750-2700 next followed by a bounce.

Nifty at 10769.90% holding well above support from where it has bounced 2X. If the supports stays strong, Nifty could be driven to 10800 yet this week, with some chances of a break to the Northside near term. Watch out for a test at 10800.

Sensex at 35645.40, +0.75% trade in a narrow range within 35750-35250. A clear break on either side is needed to give us direction.

Stay tuned…

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