Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing New. PE
DJIA at 21409.07% is ranged in here, and no major movement expected North or South. We may see a sideways trade within 21250-21550 region for the next few days.
DAX at 12437.02% is trying to move above 12500, but has not been able to sustain a break to the Northside. As mentioned Monday, 12500 is a Key mark to keep eyes on and only a clear break above 12500 initiates a fresh rally towards 12600 near term. Or, a fall back to 12300 is possible. 2-3 sessions of sideways trade within 12500-12300 likely.
Shanghai at 3193.89, -0.29% tested to 3197 as expected and could bounce towards 3220 in the next 2 days, may see an interim dip to 3190 before a bounce.
Nikkei at 20132.38, -0.31% is stable. There is an opp on the Northside towards 20300, but may take a few sessions to get there. Overall near term still looks Bullish to me
Nifty at 9786.05, +0.15% opened on the highs at 9830, and came down sharply to close at 9786, 1st support is seen at 9750, while that holds, could see a rise towards 9900 near term. Near to medium term looks Bullish to me.
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