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- Major resistance - 5300
- Major Support - 5140 (200 day MA)
- ASX200 pares early losses and jumped till 5303 after making a low of 5205 at the time of writing. It is currently trading at 5287.
- 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 minor resistance is at 5260.
- The major intraday support is around 5200 and any break below major support targets 5165/5140.The minor support is at 5250/5225.
It is good to buy at dips around 5250 SL around 5200 for the TP of 5330/5362.
