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Major support - 5075
- ASX200 has slightly recovered after making a low of 5066. It is currently trading at 5078.
- Short term trend is slightly weak as long as resistance 5130 holds. Any break above 5130 will take the index up till 5160/5205/5230.
- On the lower side any break below 5075 will drag the index till 5020/4980.
- Short term trend reversal only above 5230.Break above targets 5275/5300.
It is good to sell on rallies around 5095-5100 with SL around 5130 for the TP of 5020/4980 .
