Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Trade worries between US and China fade, earnings the focus. PE
Note: Some dips seen in the stock indices Thursday. Overall the indices look Bullish long term to me.
DJIA 24700.45, -0.88% came off from the Psych mark at 25000, while 25000 holds, DIA could test 24500 before another run at 25000-25250 in here.
DAX at 12417.13, -1.53% came off from 12650 and could bounce from 12400 in here. Overall, my view remains Bullish with some dips on the way North.
Nikkei at 22174.92, +1.11% may trade within 21600-22800 in here. A break on North or South side will indicate direction longer run. We will see.
Shanghai at 2816.94, +1.41% may range trade within 2750-2850 now. A fall to 2700-2650 is possible medium term before it can start to rise again.
Nifty at 10948.30, +0.0096% marked a fresh high Wednesday and could pause at 11000 now. Or it could move to 11100-11200 medium term. Pay attention.