- Major support – 10090 (90 day EMA).
- The index recovered after making a low of 10090 on Aug 3rd 2016. It is currently trading around 10259.
- DAX has formed the temporary top around 10487 on Apr 21st 2016 and the index is struggling to close above that level. So trend reversal can happen above 10500.
- Short term resistance is around 10300 and break above targets 10375/10470.
- On the lower side, the immediate support is at 10090 (90 4H EMA) and any break below will drag the index down till 10000/9960 (200 4H MA)/9840.
It is good to sell on rallies around 10250-10300 with SL around 10500 for the TP of 9962/9845.
