DAX30 breaks major support 9850, targets 9490

• Major support – 9850 (trend line joining 9757 and 9807)
   
• Major resistance -10100
   
• The index has broken major support 9850 and declined till 9807 at the time of writing. It is currently trading around 9817.
   
• Intraday trend is weak as long as resistance 9900 holds. Any break above 9900 will take the index till 10000/10100.
   
• On the lower side any break below 9800 will drag the index down till 9680/9500.

It is good sell on rallies around 9795-9805 with SL around 9905 for the TP of 9680/9618/9491