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DAX retakes 9300

FXStreet (Mumbai) - The German equity markets are trading higher today, erasing the losses witnessed yesterday, which had pushed the index below 9300 mark.

The Dax is trading 0.61% higher at 9308.80 levels with a positive index breadth. The advance decline ratio currently stands at 25:5. Among the top gainers are shares in the Europe’s second-biggest maker of car component, Continental AG, which gained 1.43% after the company said it could beat its profitability target this year despite posting a lower profit in the third quarter on account of writedown in its power trading division. Other top gaining stocks for the day are Deutsche Boerse, K&S AG, Lufthansa AG. Meanwhile, the top losing stocks are Beiersdorf AG, Fresenius SE, BMW ST, Adidas AG.

DAX Technical levels

The index has an immediate resistance at 9342, above which the index can rally to 9369 levels (Aug. 29 low). On the flip side, prices can fall to 9157 levels if the immediate support at 9217 is breached.

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