- Major resistance - 5400
- Major Support - 5293 (21 day MA)
- ASX200 has made a high of 5403 yesterday . The index has not able hold above 5400 and started to decline from that level. It is currently trading at 5368.
- Short term trend is slightly bullish as long as support 5290 holds.
- On the higher side any break above 5400 will take the index to 5430/5500/5525.The minor resistance is around 5350/5380.
- The major support is around 5293 and any break below major support targets 5250/5200.The minor support is around 5350/5320.
It is good to buy at dips around 5345 with SL around 5290 for the TP of 5400/5430
