- Major resistance - 5195 (trend line joining 5732 and 5378)
- Major support - 5075 (resistance turned into support)
- ASX200 has recovered after making a low of 5085. It is currently trading around 5126.
- On the higher side minor resistance is around 5130 and any break above will take the index to next level 5170/5200/ 5230.
- Any break below major support will drag the index down till minor support is around 5100.
- Overall bullish invalidation only below 4850.
Sell ASX200 around 5165-5170 with SL around 5200 for the TP of 5075
