Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI
Commentary: Global stock indices look Bullish now to me. DJIA could be set up for some more to the North in the coming sessions, Nikkei and DAX may pause to refresh near here. PE
DJIA at 22956.96, +0.37% is rising towards 23000-23250 near term. Then a small dip is possible back to current marks. Near term looks positive to me.
DAX at 13003.70, +0.09% paused at Key resistance, and a sharp break above it is needed to initiate fresh Bulls action near to medium term. Or may see a dip here, pushing DAX back to 12800.
Nikkei at 21260.89, +0.03% came off after testing at 21400. Nikkei looks overbought and a dip from here is preferred, which could push the price down to 21100 or lower. A move back to 21400 may then drive it higher to 21500/600 near term.
Shanghai at 3372.73, -0.17% can test to 3350/60 before re-attempting a rise towards 3410.
Nifty at 10230.85, +0.62% looks positive this week and could move up towards 10300/10 if the Bulls continue strong. Near term looks Bullish to me.