- Major resistance -4930
- Major support - 4815
- ASX200 has recovered after making a low of 4824. It is currently trading around 4859. Short term trend is still weak as long as resistance 4930 holds.
- On the lower side major support is around 4850 and any break below will drag the index down till 4815/4785.
- Major resistance is around 4930 and any break above targets 4980/5020/5035.
- Overall bearish invalidation only if it closes above 5000
It is good to sell on rallies around 4885-4890 with SL around 4930 for the TP of 4815
