• Major intraday support - 5515 ( 10-day MA)
   
• •Major resistance - 5625 (Oct 11th 100- day MA).
   
• ASX200 recovers from the low of 5516 made at the time of writing till 5556. It is currently trading around 5547 0.07% higher
   
• •Australian index showed a slight jump from the low of 5517 on account positive global equity markets.
   
• •ASX200 faces major support at 5515 (10- day MA) and any break below targets 5460 (61.8% retracement of 5380 and 5598)/5427 (100-day MA).
   
• •On the higher side, resistance is  at 5625 and any break above targets 5700/5750.
  
  It is good to buy on dips around 5525 with  SL at 5460 for the TP of 5625/5700.