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Short

DAX takes support near trend line ,good to sell on rallies

FX:GER30   DAX Index
387 0 5
Germany DAX index             has made a temporary top around 11430 and declining heavily from that level. The index declined till 10664 and slightly recovered from that level and closed around 10923.

Major support is around 10620 ( trend line joining 9301 and 9392 and 55 day W EMA ) and break below will drag the index till 10550/10376.

On the higher side major resistance is around 11100 and break above confirms minor trend reversal a jump till 11200/11430 is possible.

It is good to sell on rallies around 10950-11000 with SL around 11150 for the TP of 10620/10550.
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