- Major support – 10030 (Trend line joining 10012 and 9899)
- The index has jumped till 10165 and slightly declined from that level. It is currently trading around 10040.
- The Intraday trend is lightly weak as long as resistance 10200 (trend line joining 10112 and 10165) holds.
- On the lower side, any break below 10000 will drag the index down till 9900/9750 (200 HMA).
- Technically any break above 10200 will take the index to next level around 10340/10487. DAX should close above 10500 for further bullishness.
It is good to sell on rallies around 10040-10060 with SL around 10200 for the TP of 9900/9750
