Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing new. PE
DJIA at 21613.43, +0.47%may be ranged within 21700-21500 for the next 2-3 of sessions. There is some chance of testing 21800 on the Northside while 1st support near 21500 holds.
DAX at 12264.31, +0.45% trying to recover from near 12140, and could rise towards 12400 in the coming sessions. There is support near 12000 on the 3-days coming up from 16 June, while that holds, DAX is likely to recover near term with some chances of a dip to 12000-11870.
Shanghai at 3240.27, -0.11% is stable and could come off or remain sideways from 3260/70. There is room on the Southside to 3200 which is possible in here.
Nikkei at 20048.62, +0.47% moved up a bit as USD/JPY and the US-Japan yield spread bounced, good support is at 1960, while that holds, Nikkei could move to 20500 soon.
Nifty at 9964.55, -0.02% opened at 10011 Tuesday before coming off sharply to close at 9964, 10000-10050 may act as 1st resistance, while that holds, I expect some correction in Nifty near term.