Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Almost all major stock indices look stable to Bullish in here. PE
DJIA at 21467.14, -0.29% tested Key long term resistance near 21500 which could hold strong a few weeks. But, a upward extension could take it to 21600, but this could form a near term Top for now, and Southside dip towards 21300 is possible near term.
DAX at 12814.79, -0.58% came off sharply from 13000. Note: 13000 is a Key medium term resistance and could possibly keep the index below 13000 for now. But if 13000 holds, we could see some movement South to 12700.
Shanghai at 3143.45, +0.11% is stable while above 3120. Movement within 3120 and 3180 may continue in here before it starts to move up. For now see a sideways consolidation.
Nikkei at 20183.90, -0.23% gaped up, if it break above 20300, it could move up to 20500-20600 quickly
Nifty at 9657.55, +0.72% was stable Tuesday but looks Bullish near term while trading above 9600. A re-test at 9700-9710 is possible near term.