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- Major resistance-10500
- Major support – 10200
- The index has almost formed triple bottom around 10200 and is consolidating around that level. DAX is currently trading around 10212.
- It has jumped till 10345 yesterday and started to decline once again in the morning. Short term trend is still weak as long as resistance 10500 holds.
- Any violation below 10200 will drag the index down till 10000/9945/9820.
- DAX is slightly weak and is trading well below ichimoku (Tenken-Sen and Kijun-Sen).The minor bullishness can be seen only above 10345 (Kijun-Sen).Any break above targets 10500/10680.
It is good to sell below 10200 with SL around 10350 for the TP of 10000/9825.
