Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Stocks have resumed their uptrend and could face some interim dips within the overall uptrend. Some clarity is needed in DAX which is trading at Key marks in here. PE
DJIA at 21640.75, +0.31% bounced back from 21470 and is trading above 21600 now. Upward momentum looks strong and we could see arise towards 21800 in the next few sessions. Near term trend is North.
DAX at 12452.05, +0.17% is stable and is holding above 1st support near 12400. If support holds, the price could run to 12500-12600. Failure to sustain above 12400 shifts my focus to 12300 or lower. Wait and Watch.
Shanghai at 3237.48, +0.20% rose sharply in the last 3-sessions and is heading towards 1st channel resistance near 3250-3260. From there a short correction is possible before resumption of the uptrend. Near term looks firmly Bullish to me.
Nikkei at 20092.14, +0.36% started to rise from 19950. It could continue to move North to 20200-20300 in here. This could drive USD/JPY to higher marks in the next few sessions.
Nifty at 9899.60, +0.74% could be headed towards 10000 in the coming sessions. Near term looks strongly Bullish to me.