Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 21830.31, +0.15% continues to rise and looks somewhat Bullish near term, 1st resistance is 22000 in here.

DAX at 12162.70, -0.40% is testing support now, and while that holds, the index has a chance of moving up towards 12750-13000. Only a clear break of the support, if seen could force me to focus on lower marks.

Shanghai at 3262.86, +0.30% resumed its rally and is heading to 3280 in here before facing some rejection there. Near term looks Bullish to me.

Nikkei at 19946.32, -0.07% could be ranged or move down near term while USD/JPY is headed to 110-109. Although the index itself looks somewhat Bullish the strength in JPY is preventing an immediate rise in Nikkei. Near term trade expected within 19800-20200.

Nifty at 10014.50, -0.06% trades within its near term up channel and could remain in the 10200-9900 region for the next few sessions. The trend is North but we could expect some corrections while the index rises.

Have a terrific week.


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