- Major intraday support - 5438.(100-HMA)
- Major resistance - 5505 (Oct 11th 100- day MA).
- The index broken major resistance 5510 and jumped till 5521 at the time of writing. It is currently trading around 5519.
- ASX200 trades slightly above major resistance 5510 and a jump till 5625/5700 is possible.
- On the higher side, resistance is at 5505 and any break above targets 5548/5625/5700.
- •The major support is around 5420 (100- day MA) and break below targets 5319 (21- day MA)/5303 in the short term.
It is good to buy on dips around 5500 with SL at 5435 for the TP of 5625/5700.
