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- Major resistance - 5400
- Major Support - 5293 (21 day MA)
- ASX200 has recovered after making a low of 5287.It is currently trading at 5391.Short term trend is slightly bearish as long as support 5290 holds.
- On the higher side any break above 5400 will take the index to 5430/5500/5525.The minor resistance is around 5350/5380.
- The major intraday support is around 5293 and any break below major support targets 5250/5200.
It is good to sell on rallies around 5355-5360 with SL around 5400 for the TP of 5295/5260
