- Major resistance – 10325 (trend line joining 10875 and 10487)
- Major support – 10000 (90 day EMA)
- DAX has pared its gains made in the past three trading session. The index has made a high of 10269 yesterday and declined from that level. It is currently trading around 10136.
- Short term trend is still weak as long as resistance 10325. Any break above 10325 will take the index till 10400/10500 in the short term. The index should close above 10500 for further up move .Any violation above 10500 will take the index till 10710.
- On the lower side 90 day EMA is acting as major support and any break below targets 9825/9755 in short term.
It is good to sell on rallies around 10180-10200 with SL around 10325 for the TP of 10020/9830
