Tuesday 24 February 2015

VIEW ON DAX

From the above chart of DAX ,we are able to see it is at a major Fibonacci resistance point of 1.618%, RSI is also overbought @ 71 indicating lower levels are possible in DAX (CMP :11120). Fall can be steep. STRONG SUPPORT should come @ 10000. Below this there will be free fall. Target1 : 10700, Target 2: 10400, Target 3: 10000.

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