• Major Resistance – 11700
   
• Major intraday support – 11500 (Trend line joining 11412 and 11493).
   
• DAX formed temporary top around 11695 on Jan 11th 2017 and showing a minor profit booking from that level. The index is currently trading around 11535.
   
• The index major intraday support is around 11500 and any break below that level will drag the DAX till 11400 (Dec 30th low)/11198 (38.2% retracement of 10403 and 11695)/11054 (38.2% retracement of 11695 and 10025).
   
• On the higher side, any break above 11695 will take the index to next level till 11824 (161.8% retracement of 11695 and 11493).
  
  It is good to sell below 11500 with SL around 11700 for the TP of 11198/11057.