Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Equity indices are looking Bullish near to medium term and could be accompanied with interim dips. PE
DJIA at 21629.72, -0.04% is stable the resistance turned support at 21600 if that mark holds, could keep the prices higher. Above 21600, there is room for a rising to 21900-22000.
DAX at 12587.16, -0.35% came off from marks below 12700 but while 1st support near 12500 holds, there is room to rise to 12700-12800 medium term.
Shanghai at 3168.06, -0.26% could see some movement in the 3145 -3190 range before moving higher to 3220 medium term. Near term looks Bullish while it trades above 3140.
Nikkei at 19991.86, -0.63% broke below 20100, and signals that the Northside momentum is getting weaker, and it may not possibly break above 20300 easily. Sideways consolidation within the broad 20300-19750 range may continue for some more time now.
Nifty at 9915.95, +0.30% is moving up, and could test 10000 in the next 3-4 sessions. Near term looks strongly Bullish to me.