ASX weekly- achieved 4970 tgt now expect reversal rally tgt 5120-5300

ASX weekly chart 9 april 2016 ASX index this week closed with loss at 5018. This was third losing week for this market index.   ASX achieved my given target of 4970 and taken support at this level.   On upside 5120 and 5300 are resistances as well as target zones for asx future on reversal.   On downside, 4970 and 4785 are support zones. If reversal fails and ASX slips below 4970 then traders must put their shorts target at 4785.

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Pramod Baviskar

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