Dax is getting
resistance at 7800 range but its moves in last few days were good and if in
coming days Dax maintains 7700 range then there is a good chance that Dax may
break 7800 levels. Now in coming days if it breaks its initial support of 7700
levels then it may test good support level of 7600. So long it maintains 7600
range we may expect it to test higher levels again. But if it fails to maintain
7600 range in early days of the coming week then 7400 is important support
level for Dax. I will think about a bearish pattern when Dax will be testing
levels around 7000 ranges.
NOTE: Please see the disclaimer of this blog.
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