Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
DJIA at 22381.20, +0.18% is stable above 22200, and while that holds, some chances of a rise to 22400 or higher may happen. A clear break below 22200 could push it to 22000, or a rise above 22400 could drive it to 22600 near term. 50/50 chances for either direction is possible now with slight bias for the up-move.
DAX at 12704.65, +0.37% broke above 12675 contrary to expectation of a rejection at these marks. While above 12675-12700, DAX could move up to 12900-12951. Also Key resistance is at 12800, which if holds could prevent a further rise towards 12900 and push DAX back to 12700-12600 near term.
Nikkei 20294.11, -0.34% is ranged within 20500-20200, and is unable to decide direction for now, If USD/JPY remains below 113.30 and moves lower towards 112, Nikkei could come down too, or see some more sideways consolidation until there is clarity on direction near term.
Shanghai 3349.33, +0.29% may stay within 3360-3325 for now. No major movement expected in here.
Nifty 9768.95, +0.34% bounced Thursday from 9687, in line with expectation of a pause near 9680/85. Nifty is expected to remain in this mode Friday, and could move to 9850, a mark near 9680 is not expected to break yet.
Have a terrific weekend,