Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Trade worries between US and China fade, earnings the focus and a overall Bullish outlook.PE

DJIA at 25119.89, +0.22% looks to test at 25250 and then to 25600 longer term. Overall near to medium term looks Bullish with  a dip from 25250 before resuming the uptrend.

DAX at 12661.54, +0.80% moved up in here, DAX looks Bullish near term with a Northside target of 12800-13000.

Nikkei at 22901.07, +0.90% broke above 22800, flashing Bullish signals medium term. 22800 is now major support and while Nikkei trades higher, it could mark 23000+ in here.

Shanghai at 2810.10, +0.43% is stable above 2750, and will hold below 2850 in here, then see an attempt a break above 2850 medium term.

Nifty at 11008.05, +0.65% bounced from 10900 to resume its uptrend. While the support at 10850-10900 hold Nifty could test at 11100 in here. Northside target at 11200 stays medium term.

Stay tuned…

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