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- Major resistance - 4960 (trend line joining 5346 and 5228)
- ASX200 breaks minor resistance around 4960 and a jump till 5050 is possible. Any weakness can be seen only below 4860.
- The index has made a high of 4994 at the time of writing and is currently trading 4984.
- On the downside major support is around 4850 and break below targets 4800/4760.
It is good to buy at dips around 4920 with SL around 4850 for the TP of 5049.
