Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 22118.42, +0.12% is slowly moving towards major resistance near 22200-22250, and could face slight dip from there. Overall near term trend is North.

DAX at 12257.17, -0.33% is likely to remain range bound within 12100-12400 for near term. Thereafter see a rise above 12400-12500, but will wait for price confirmation. For now, sideways consolidation to continue near term.

Shanghai at 3271.76, -0.23% recovered sharply Monday from 3240ish. While the price remains above 3240 see a move to 3300 again.

Nikkei at 19992.17, -0.32% has fallen from 20100, which may act as immediate resistance. Overall the broad 20200-19900 region may remain intact for the next 4-5 sessions or so.

Nifty at 10057.40, -0.09% may test 10000-9950 before bouncing back. Overall near term looks stable.

Stay tuned…

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