- DAX index was trading slightly higher yesterday and hits high of 12603 and closed yesterday at 12544 0.95% higher. US markets was closed on the higher side with Dow (1.58% higher) and S&P500 (1.18% higher). S&P500 futures showing a minor decline and is trading at 2779 0.19% lower. Asian stock indices are trading higher on the footsteps of US markets.
- DAX index broken the previous week high of 12535 made on Feb 16th 2018 and close slightly above that level has closed yesterday at 12535.
- The minor bullishness can be seen only if it closes above 12660 (233- day MA) and any close above will take the index to next level till 12890/13050 (100- day MA). It should break above 13600 for further bullishness.
- On the lower side, near term major support is around 11800 and any break below will drag the index till 11400/11000.The minor support is around 12000.
It is good to buy on dips around 12350-400 with SL around 12200 for the TP of 13000.
