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 future…
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.
