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- Major resistance -4930
- Major support -4860
- ASX200 has made a high of 4927 at the time of writing and declined from that level. It is currently trading around 4900.
- Short term trend is still weak as long as resistance 4860 holds.
- On the higher side any break above 4930 will take the index till 5000/5035.
- Minor weakness can be seen below 4860 and break below targets 4825/4765.
It is good to buy above 4930 with SL around 4875 for the TP of 5000/5035
