Major support – 5640 (trend line joining 5270 and 5380)
•ASX200 is trading weak and is trading slightly below 5700 level. The index declined till 5657 at the time of writing and is currently trading around 5662.
•The index faces strong trend line support at 5640 and any break below will drag the index down till 5515.
•On the higher side, major resistance is at 5715 (support turned into resistance) and any break below will take the index till 5761 (10- day MA)/5800/5832/5940/6000.
It is good to sell on rallies around 5685-5690 with SL around 5760 for the TP of 5615.
