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9 Apr 2015
DAX lifted above 12k
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened higher, although remained in a narrow range boosted by solid economic news from Germany while the weaker Euro also contributed to the upside.
Currently, the DAX 30 trades higher by nearly 0.40% at 12080.80 levels, retreating from session highs at 12115.80. The DAX defends gains as strong export data from Germany and gains in the auto sector supported the upbeat market sentiments.
The index is seen trading with a positive market breadth, the advance-decline ratio being 19:11. BMW is the top gainer, up 1.58%, followed by Deutsche Boerse AG which is up 1.48%. Commerzbank AG lags the index by -1%, followed by ThyssenKrupp AG which is down -0.94%.
DAX Technical Levels
The index has an immediate resistance at 12150. Meanwhile, support is seen at 12k levels and 11880 levels.
Currently, the DAX 30 trades higher by nearly 0.40% at 12080.80 levels, retreating from session highs at 12115.80. The DAX defends gains as strong export data from Germany and gains in the auto sector supported the upbeat market sentiments.
The index is seen trading with a positive market breadth, the advance-decline ratio being 19:11. BMW is the top gainer, up 1.58%, followed by Deutsche Boerse AG which is up 1.48%. Commerzbank AG lags the index by -1%, followed by ThyssenKrupp AG which is down -0.94%.
DAX Technical Levels
The index has an immediate resistance at 12150. Meanwhile, support is seen at 12k levels and 11880 levels.