Major support – 5580 (60-day EMA)
•ASX200 shown a slight jump after declining till 5605 level on Friday. It is currently trading around 5631.
•The index has taken support near 60 -day EMA and any break below confirms further weakness, a decline till 5515/5436 is possible.
•On the higher side, major resistance is at 5718 (10- 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 5650-5655 with SL around 5700 for the TP of 55515.
