• Major resistance - 5300 
   
• ASX200 has made a high of 5291 on Friday and slightly declined from that level. It is currently trading at 5252.
   
• Short term trend is slightly bullish as long as support 5200 holds.
   
• On the higher side any break above 5300 will take the index to 5330/5375.
   
• The major intraday  support is around 5220 and any break below major support 5200/5150.
  
   It is good to sell on rallies around 5260-65 with SL around  5300 for the TP of 5200/5160.