DAX:
- DAX is trading slightly higher after making a low of 10397 on Tuesday. The index is facing major resistance around 10833 (17th Dec 2015 high). Any break above 10835 will take the index till 11040(200 day MA).
- The index minor support is around 10500 and break below targets 10380/10260.
It is good to sell on rallies around 10800-850 with SL around 11050 for the TP of 10500/10260
UK FTSE 100:
- FTSE 100 has broken major resistance 6180 and jumped till 6269 at the time of writing. Short term trend is slightly bullish as long as support 6200 holds.
- On the higher side major resistance is around 6270 (200 day 4 HMA) and any break above 6270 will take the index till 6300/6348
- The pair's major support is around 6200 and break below targets 6150/6128
It is good to buy at dips around 6200 with SL around 6150 for the TP of 6300
France CAC Index:
- CAC has recovered till 4696 after making a low of 4523 is currently trading at 4664.
- On the higher side minor resistance is around 4705 and any break above 4705 will take the index to next level 4750/ trend reversal only above 4805.
- The index support is at 4550 and below that level will target 4460/4380.
It is good to sell on rallies around 4700 with SL around 4750 for the TP of 4600/4510.
