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Major support – 5611 (200- 4H EMA).
•ASX200 has broken major support at 5718 and declined till 5698 at the time of writing. It is currently trading around 5701.
•The index faces strong support at 200 -4H EMA and any break below will drag the index down till 5515.the minor support is around 5675
•On the higher side, major resistance is at 5751 and any break will take the index till 5800/5832/5940/6000.
It is good to sell on rallies around 5710-5175 with SL around 5760 for the TP of 5615.
