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Major support – 5667 (200- H MA).
•ASX200 broken the previous high of 5755 and jumped till 5764 yesterday. It is currently trading around 5758.
•Short term trend is bullish as long as support 5665 (200- HMA) holds.
•Any violation below 200- HMA will drag the pair down till 5600 (61.8% Retracement of 5516 and 5755).
•On the higher side, major resistance is at 5797 and any violation above will take the index till 5940/6000.
It is good to buy on dips around 5720-30 with SL around 5660 for the TP of 5797/5900.
