• Major resistance- 10830 (Oct 25th 2016 high).
   
• Major support – 10550 (50- day MA).
   
• DAX30 is facing strong resistance around 10830 and any trend reversal can happen only above that level. It is currently trading around 10709.
   
• Short term trend is still bullish as long as support 10370 (100- day MA) holds.
   
• Any violation below 10370 will drag the index down till 10000/9910 in the short term.
   
• On the higher side, any break above 10830 will take the index to next level 11000/11327 (161.8% retracement of 10830 and 10025).
  
  It is good to buy on dips around 10650 with SL around 10370 for the TP of 11000/11320