Major intraday support - 5510 (7- day EMA)
•Major resistance - 5625 (Oct 11th 100- day MA).
•The index has jumped till 5585 at the time of writing and slightly declined from that level. It is currently trading around 5555.Short term trend is bullish as long as support 5425 (100- day MA) holds.
•ASX200 faces minor support at 5513 (7- day EMA) and any break below targets 5450/5427 (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 5500 with SL at 5425 for the TP of 5625/5700.
