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- Major resistance - 9860 (trend line joining 10164 and 9925)
- The index has recovered till 9848 yesterday and started to decline from that level. It is currently trading at term trend is weak as long as resistance 9860 holds.
- DAX is facing strong resistance around 9860 and any further bullishness can be seen only above that level. Any break above 9860 will take the index to next level 1000/ minor resistance is around 9766.
- On the lower side minor support is around 9700 and break below targets 9635/ term weakness only below 9560.
It is good to sell on rallies around 9750-60 with SL around 9860 for the TP of 9635/9560
