Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Nothing New. PE
DJIA at 22871.72, +0.13% is headed to my expected 23000-23250 marks near term. Overall my view remains Bullish for this week.
DAX at 12991.87, +0.07% made an intra-week high at resistance of 13036 last week and if DAX rises above 13036, could indicate a move to 13500 in here.
Nikkei at 21288.12, +0.63% is trading at multi-year highs, marks not seen since Y 1996. This move can take to to 21500-21600 now. Nikkei looks overbought in here, and could be a signal of some turn-around near to medium term. Be ready to see a pause soon.
Shanghai at 3398.62, +0.24% is steadily moving up to 3400-3420 and looks positive near term.
Nifty at 10167.45, +0.70% started celebrating Diwali last Friday, making all time highs near 10190.
Note: Key resistance is seen at 10200 and that could push the Fifty down towards 10100 again. In case Nifty breaks above 10200, there could be a straight 100 pt rally towards 10300-10320 near term.
Have a terrific week.
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