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- Major resistance -4930
- Major support -4850
- ASX200 has recovered after making a low of 4853. It is currently trading around 4920.
- Short term trend is slightly bullish as long as support 4850 holds.
- On the higher side any break above 4930 will take the index till 5000/5035.
- Minor weakness can be seen below 4850 and break below targets 4825/4765.
It is good to buy at dips around 4890-4900 with SL around 4850 for the TP of 5000/5035
