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 25199.29, +0.32% is moving to test 1st resistance at 25250. DIA looks Bullish in here with 4-sessions up. If DIA breaks above 25250, will likely continue to rally to 25600 medium term.
DAX at 12765.94, +0.82% is targeting 13000 in here.
Note: 13000 is Psych resistance and may hold medium term pushing DAX back to 12400-12200.
Shanghai at 2791.21, +0.14% looks ranged within 2850-2750. A re-test of 2750 is likely before bouncing to 2850.
Nifty at 10980.45, -0.25% sees 1st support at 10950 . While it holds, Nifty may see a bounce to 11100-11200 near term. A clear break below 10950 makes it vulnerable for a fall to 10850-10800 medium term.
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