Dax has shown
nice movements in the upside. This week it drops though during last few days it
was trying to make a base. In this circumstance it may show couple of flat to
up early days in coming week but unless it is breaking around 7750 range in the
upside it will be hard to test higher levels.
What I think that
if Dax fails to give closing above 7750 in the upside, it has more chance to drop
and that is below 7600 range. In the downside Dax has good support at around
7400 levels.
NOTE: Please
see the disclaimer of this blog.
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