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Major support – 5580 (60-day EMA)
•ASX200 shown a slight jump till 5700 at the time of writing after declining till 5605 level on Friday. It is currently trading around 5672.
•The index upside capped by 21- day MA and any break above will confirm further bullishness.
•On the higher side, major resistance is at 5715 (21- day MA) and any break below will take the index till 5748 (61.
8% retracement of 5832 and 5605)/5800/5832/5940/6000.
It is good to sell on rallies around 5660-5670 with SL around 5700 for the TP of 5515.
