Support – 9770, 9581, 9500
Resistance – 9905, 9960, 10,050
Resistance – 9905, 9960, 10,050
- Dax’s failure to sustain above falling trend line if followed by a daily close today below rising channel support would indicate bullish invalidation and open doors for a further drop to 9500 levels in next few days.
- In case, the daily close is above rising channel support, a case of rebound tomorrow or later this week remains intact.
- However, bullish momentum is seen gathering pace only above falling trend line resistance.
