Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: DIA broke out continues to look Bullish. PE
DJIA at 25527.07, +0.44% is Bullish while it trades above 25250, near term target is the Psych mark at 26000.
Note: There are strong resistances at 25800 (Key) and 26000 (Psych).
DAX at 12809.23, +1.83% moved up following the rise in DIA, and could test at 12900-13000 in here. We do not expect a break above 13000 in here. unless…
Nikkei at 22635.59, +0.22% saw no major movement Thursday, and will be ranged within 22600-23000 for not. Which ever way it breaks declares the direction medium term. We wait, We watch, Neutral now.
Shanghai at 2889.03, +0.24% has faded from 2900+. As 2900-2950 is Key resistance, while that holds, the index looks Bearish to 2850 to me.
Nifty at 11167.30, +0.32% closed below 11200 Thursday, is likely to range-trade Friday. Will wait out the weekend.
Have a terrific weekend