Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Trade worries between US and China fade, earnings the focus. PE
Note: Overall the indices look Bullish long term to me.
DJIA 25064.36, +0.18% and DAX at 12561.02, +0.16% continue to trade higher. DIA is near resistance at 25250 on the daily’s whereas DAX is stable with 12500-12700 looks unable to move up sharply in here.
Nikkei at 22724.46, +0.56% may see rejection 22800, if so look for a move South to 22400-22200 medium term. On a clear break above Key resistance at 22800 see Bullishness for Nikkei going forward.
Shanghai at 2787.01, -0.96% has come off from 2850. It could re-test 2750-2700 in here, while trading below 2850.
Nifty at 10936.85, -0.74% came off Monday, the support is in the 10900-10850, which could bounce Nifty to 11100-11200 medium term.