Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Major stock indexes are trading higher Thursday except Shanghai. PE

DJIA at 21892.43, +0.12% moved up to test 1st resistance near 21950. We wait, We see if the index faces any rejection from here pushing it back to 21750. Or see a break above 21950 which would indicate an extension of The Trump Rally near term.

DAX at 12002.47, +0.47% bounced, but does not look very strong in here. Southside possibility is open towards 11900-11800 while trading below 12300.

Nikkei at 19647.97, +0.72% bounced above 19600, and could head to 19700-19800 in the coming sessions.

Shanghai at 3347.55, -0.48%  has shown 1st signs of rejection from 3375, and could come off to 3275 near term before bouncing. Near term looks Bearish to me.

Nifty at 9884.40, +0.90% held below 9925 Wednesday, and could trade within 9800-9950 near term. Sideways consolidation within the range is possible for at another 3-4 sessions

Stay tuned…

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