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Major resistance - 11680
DAX is trading flat with positive bias on account increasing risk appetite on positive Brexit news.UK Parliament yesterday voted for extension of Article 50 deadline at the EU summit and won with absolute majority of 412.All European markets is trading near 5-month high on easing political uncertainty . It hits intraday high of 11642 and is currently trading around 11635.
After break below 11496 (20- day MA) will drag the index till till 11193 (100-day MA)/11000.Major weakness only below 10800.
The near term minor jump is possible only above 11680 and any break above that level will take the index till 11800/12000.
It is good to buy on dips around 11525-550 with SL around 11400 for the TP of 11990.
