Back
29 Dec 2014
DAX dives in red, Greek vote weigh
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, opened the day with a negative start and plunged further tracking sharp losses from European counterparts as markets eye final round of voting at Greece’s Presidential elections due shortly.
Currently, the DAX 30 trades lower at 9838 levels, down -0.84%, compared to previous session’s close of 9922.11. The DAX traded edged lower following steep losses from Greek’s benchmark index ahead of Greece’s final attempt to elect a new president.
The index is trading with a negative market breadth with an advance decline ratio of 8:22. Fresenius SE & Co KG and Merck KGaA are the top gainers on the index, gaining 0.5% each. Among the major losers, EON.SE, Allianz SE, Daimler AG and Siemens AG are declining -0.5% to -1.32%.
DAX Technical Levels
The index has an immediate resistance at 9907.82 (Dec 11 High), above which gains could be extended to 10k levels. Meanwhile, support is seen at 9763.41 (Dec 11 Low) and 9669.80 (Dec 18 Low) levels.
Currently, the DAX 30 trades lower at 9838 levels, down -0.84%, compared to previous session’s close of 9922.11. The DAX traded edged lower following steep losses from Greek’s benchmark index ahead of Greece’s final attempt to elect a new president.
The index is trading with a negative market breadth with an advance decline ratio of 8:22. Fresenius SE & Co KG and Merck KGaA are the top gainers on the index, gaining 0.5% each. Among the major losers, EON.SE, Allianz SE, Daimler AG and Siemens AG are declining -0.5% to -1.32%.
DAX Technical Levels
The index has an immediate resistance at 9907.82 (Dec 11 High), above which gains could be extended to 10k levels. Meanwhile, support is seen at 9763.41 (Dec 11 Low) and 9669.80 (Dec 18 Low) levels.