Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Again the major indexes have risen near term, there are resistances medium term. Be cautious at these marks. PE
DJIA at 25415.19, +0.43% has risen and needs to sustain above 25250. Sideways movement or fall to 25250 could weaken the Bullish momentum. We wait to see.
DAX at 12805.50, +0.057% may rise to 13000-13100 before fading. For now DAX looks Bullish to me.
Nikkei 22674.32, +0.53% is trading below Psych resistance at 23000, while it holds, the Nikkei could continue ranged. A break above 23000 to halt Bearishness medium term.
Shanghai 2873.57, -0.099% is expected to come off to 2800 medium term, as 2900-2950 is Key resistance.
Nifty 11356.50, +0.33% rose Tuesday and heads to the long term resistance at 11400-11500. This is Key; if holds could bring on a correction in August. Or, a rise above 11500 means continuation the rally medium term.