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19 Mar 2015
DAX flattish below 12k, EU Summit in focus
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened on a softer note and remained in a narrow range with traders eyeing the EU summit with Greece among the top on the agenda, following the Fed's meeting.
Currently, the DAX 30 trades marginally higher by 0.19% at 11952 levels, bouncing-off day’s low at 11870.30 levels. The DAX remains almost muted ahead of the European Union summit where Greece is set to be discussed, with a light economic calendar and ECB due to publish the third TLTRO offering.
The index is seen trading with a positive market breadth, advance-decline ratio being 24:6. The top winner on the index is adidas AG up 1.51% followed by BASF SE gaining 1.36%. While on the losing end, Siemens AG is down -2.59% followed by K+S AG lower by -0.93%.
DAX Technical Levels
The index has an immediate resistance at 12000. Meanwhile, support is seen at 11814 levels and 11744 levels.
Currently, the DAX 30 trades marginally higher by 0.19% at 11952 levels, bouncing-off day’s low at 11870.30 levels. The DAX remains almost muted ahead of the European Union summit where Greece is set to be discussed, with a light economic calendar and ECB due to publish the third TLTRO offering.
The index is seen trading with a positive market breadth, advance-decline ratio being 24:6. The top winner on the index is adidas AG up 1.51% followed by BASF SE gaining 1.36%. While on the losing end, Siemens AG is down -2.59% followed by K+S AG lower by -0.93%.
DAX Technical Levels
The index has an immediate resistance at 12000. Meanwhile, support is seen at 11814 levels and 11744 levels.