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DAX gains 0.7%

FXStreet (Mumbai) - The German equity markets opened higher today, tracking the rally in the US and the Asian equity markets.

The Dax opened higher today extending yesterday’s gains. The index is trading 0.70% at 9133.30 levels. The breadth is positive with an advance decline ratio of 28:2. Among the index stocks, Infinoen is trading lower by 2.59%, followed by Duetsche bank and Commerzbank, which are trading lower by 1.11% and 0.17% respectively. On the other hand, Fresenius ST and K&S have gained 1.9% each.

DAX Technical levels

The index has an immediate support at 9085 (Oct 27th high), under which the prices can fall to 9020 levels. On the other hand, the index can rise to 9200 levels if the day’s high of 9160 is breached.

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