Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing New. PE
DJIA at 22761.07, -0.06% could trade below the resistance near 22800-22850, and may have been exhausted after the recent rally in the last few weeks. A pause could be expected where DJIA may trade sideways in the 22500-22800. A test of 22500 could happen for the coming sessions. Only on a clear break above 22850, look for 23000 ahead.
DAX at 12976.40, +0.16% has marked 12996 almost reaching the target at 13000. Let’s see if DAX pauses here or heads higher to break above 13000.Note: the important resistance zone is 13000-13050.
Nikkei at 20770.99, +0.39% broke above medium term resistance at 20750, while it trades above this mark, there could be a test of the Key resistance near 20900-21000 near to medium term. Near term looks Bullish to me..
Shanghai at 3359.87, -0.43% fell in the last 2-sessions from 3410. The current decline may extend to 3330-3325 before bouncing back to 3375 and higher.
Nifty at 9988.75, +0.09% was stable Monday. A rise above 10000 is necessary to take Nifty to 10050-10100 in the next few sessions, or else Nifty could continue to trade in the 10000-9900 region this week.