ASX200 trades well above 5300, jump till 5380/5420 is possible

• Major resistance - 5375
   
• Major Support - 5200
   
• ASX200 pares early losses today morning after making a low of 5286 at the time of writing.It is currently trading at 5333.
   
• Short term trend is slightly bullish as long as support 5250 holds.
   
• On the higher side any break above 5330 will take the index to 5380/5420/5450.
   
• The major intraday  support is around 5250 and any break below major support targets 5200/ 5165/5140.

 It is good to buy at dips around 5290 SL around  5250 for the TP of 5375/5420.