Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA at 22841.01, -0.14% may have a chance to testing at 23000-23250 near term.

DAX at 12982.89, +0.09% may continue to trade sideways and spend some frames without any actual definitive movement.

Nikkei at 21003.50, +0.23% has made a multi-year high after breaking above Key resistance at 21000. While the Northside momentum continues could see a test of 22000 soon. We resume the exhaustion mark for Nikkei on the Northside is nearing and could soon see a reversal of trend longer term.

Shanghai at 3388.76, +0.08% expect to rise towards 3400-3420 near term. There could be some sideways consolidation within 3400-3360 before the price rises to 3400 or higher.

Nifty at 10096.40, +1.12% recovered Thursday keeping the Northside momentum intact. 9950-9980 is immediate support area, while that holds, a test at 10200 is possible.

Have a terrific weekend

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