• Major intraday trend line resistance- 11640 (trend line joining 11722 and 11699).
   
• Major support – 11425 (Jan 17th low).
   
• DAX30 has broken major intraday resistance at 11640 and jumped till 11720 at the time of writing. It is currently trading around 11690.
   
• Short term trend is slightly bullish as long as support 11425 holds. Any violation below that level will drag the index down till 11173 (38.2% retracement of 10025 and 11892)/10959 in the short term.
   
• On the higher side 11727 61.8% fibo will be acting as minor resistance and any break above that level will take the index till 1189 (Jan26th high)/12155 (161.8% retracement of 11892 and 11463).
  
  It is good to buy on dips around 11600 with SL at 11400 for the TP of 11892/12150