Buy position is envisaged if price trades above 13239.3 with take profit at 13263.7
Sell position is envisaged if price trades below 13133.6 with take profit at 13109.2
No major fundamental
European shares hit a two-week high on Monday, boosted by miners as an easing of COVID-19 restrictions in China lifted global commodities and assuaged inflation fears, while Prosus shares rallied on the Dutch company’s plans to trim its Tencent stake. The continent-wide STOXX 600 index (.STOXX) gained 1.1%, mirroring a sharp rebound on Wall Street late last week as investors lowered their concerns over persistently high inflation.
Analysis: SCRUM Team