Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 21580.07, -0.15% bounced sharply from 21500 but could be trading in the 21500-21750 region for a few more sessions before deciding its direction. While support near 21500 holds, near term looks Bullish to me.

DAX at 12240.06, -1.66% broke below 12400 to test my initial targets of 12200-12300. Bears look more powerful now and could push the index towards 12000-11870 real soon.

Shanghai at 3252.69, +0.45% has been rising as expected and may test resistance at 3270 from where a small dip is possible to 3220 or lower near term. A break above 3270 could drive the index to 3280-3295 an important resistance mark to keep an eye on.

Nikkei at 19927.29, -0.86% broke below the immediate channel support and if that continues, could see a fall to 19800-19700 near term. While USD/JPY continues to fall towards 110 or lower, Nikkei could also see new dips near term.

Nifty at 9915.25, +0.42% is likely to move higher towards 10000-10050 soon limiting its Southside to 9800 in here. Near term looks Bullish to me.

Have a terrific week.

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