Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Stocks look Bullish to Neutral near term. Be cautious Nifty, Shanghai and DAX, as there are some important resistances near term. PE
DJIA at 22412.59, +0.19% is strongly Bullish and is rising fast to my target at 22500-22600, 1st rejection could be seen near 22600.
DAX at 12569.17, +0.06% is stable near 12600. A move to 12680 cannot be negated now.
Nikkei at 20479.88, +0.83% trades higher and has almost marked my target at 20500. A break above 20500 can drive it North towards 20800-20900 medium term. Near term looks Bullish to me.
Shanghai at 3369.56, +0.11% is ranged within 3390-3350, and could trade within this zone for some time. Sideways consolidation for another week may be ahead.
Nifty at 10141.15, -0.06% paused below 10200, as expected and could spend the next few sessions within 10200-10100. There could be a chance of a rise to 10300 longer term, the index could stay stable or dip in here, we wait, we see.