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- Major resistance- 10720 (trend line joining 10806 and 10777).
- DAX index recovered from the low of 10354 made on Oct 13th. It is currently trading around 10660.
- The index major resistance is around 10720 and any slight bullishness only above that level. Any break above confirms minor trend reversal and break above targets 10806.
- Short term trend reversal only above 10806 and close above will take the index to next level till 11000.
- On the lower side, support is around 10530 (21- day MA) and any violation below that support level will drag the index down till 10350/10270 (100- day MA).
It is good to sell on rallies around 10675-685 with SL around 10806 for the TP of 10350
