Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Am cautious Nifty, as it is trading below important resistance. DJIA, Nikkei and DAX continue to look Bullish. Shanghai may be in the initial phase of a correction. PE
DJIA at 22370.80, +0.18% is in an uptrend and see a test of 22500-22600 in the coming sessions.
DAX 12561.79, +0.02% paused Monday, but looks Bullish near term targeting 12650-12680 now.
Nikkei at 20298.80, -0.00% heading to 20500 in the coming sessions, medium term 21000 is Key resistance, and could push the index back towards 20100 or lower long run.
Shanghai at 3353.82, -0.09% trades flat and is stable below 3370. There is a chance that the index would come off towards 3325 or lower now.
Nifty at 10147.55, -0.05% is moving up cracking and breaking resistances on the path to 10200-10300 soon. Note: 10200 is minor resistance on the 3-day line charts. Be cautious for any signs of a corrective dip in here.