Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Most indices gained according to my expectations, and the Bulls are in charge PE
DJIA at 22775.39, +0.50% broke above all resistances, and the Bulls are in control now. While the Northside momentum is intact, see a rise towards 23000-23250 soon.
DAX at 12968.05, -0.02% is stable Friday, and poised for another shot at Key resistance near 13000-13050 from where a corrective dip may come. DAX could close the week on a positive note. Next week is another story.
Nikkei at 20679.18, +0.25% trading just below major resistance at 20700-20745, while that holds any further move North looks limited. The index could remain stable and possibly enter into a sideways consolidation if not see a sharp fall towards 20600-20500 near term.
Nifty at 9888.70, -0.26% could trade within 9950-9850 for a few sessions before coming down to 9800.
Shanghai is closed this week for the National Holidays, movement resumes Monday after the week-long holiday.
Have a terrific weekend.