Morning Briefing: Major World Equities Market Indexes

Morning Briefing: Major World Equities Market Indexes

Morning Briefing: Major World Equities Market Indexes

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: DJIA broke out Monday, and ran up Tuesday, DAX looks like it want to mark higher. PE

DJIA at 25628.91, +0.50%: DIA moved up as expected and can run to 25750 after a pause to refresh in here. The resistance on the 3-day and weekly candles has been broken North, and signals more Bullishness medium term.

Notes: US stocks advanced for a 4th straight session running Tuesday, with the S&P 500 climbing 0.3% to 2858. The benchmark index is now within 0.5% of its January 26 record high. The tech-heavy NAS Comp climbed 0.3%, and the DIA rose 0.5%.

DAX at 12648.19, +0.40%: The DAX moved back above 12600 Monday. There is room to move to 13000 or 12400-12200 but while DJIA rises, DAX may follow it up near term. While, DAX above 12600, negate the Bearishness to 12400-12200.

Nikkei  at 22750.48, +0.39% rose sharply and could test resistance at 22800 on the daily. A fall from there keeps Nikkei ranged  or fall below 22400 medium term. Keep an eye on price action above these marks for direction going forward.

Shanghai at 2772.32, -0.25% rose to test 2800 Monday, but is trading lower now. Overall, near term trade seen ranged within 2800-2700 with a bias for a fall to 2650.

Nifty at 11389.45, +0.021% fade from the 1st resistance to close at lower . While the resistance at 11400-11500 does not produce a sharp rejection, Nifty can continue to trade within 11300-11500 for a few sessions more. Then the resistance seen on the weekly line suggest a dip rather sooner the later .

Stay tuned…

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