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- Major support - 5130
- ASX200 has slightly recovered after making a low of 5146 at the time of writing. It is currently trading at 5160.
- Short term trend is slightly bullish as long as support 5130 holds. Any break below 5130 will drag the index down till 5075/5020.
- On the higher side major resistance is around 5225 and break above targets 5275/5300.The minor resistance is around 5175/5200.
- Short term bullish invalidation only below 4975.
It is good to buy at dips around 5160-65 with SL around 5130 for the TP of 5225/5275.
