Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 25064.50, -0.53% dipped Thursday as the 1st resistance at 25250 is holding. This move can extend to 24750 before resuming the move North.

DAX at 12686.29, -0.62% has 1st support 12650, while that holds, DAX could move to 13000 near to medium term.

Nikkei  at 22652.42, -0.49% is down too, but could move up from 22600 back to 23000. A clear break below 22600 indicates near term Bearishness targeting 22400 or lower.

Shanghai at 2774.62, +0.075% may test to 2750 before bouncing to 2800-2850 medium term. Overall range trade in the next few sessions looks likely.

Nifty at 10957.10, -0.21% is ranged within 11100-10900 in here. While trading above 10900, Northside to 11200 looks possible. Expect support at 10900 to hold for now.

Have a terrific weekend

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