• Major Resistance- 11327 (161.8% retracement of 10830 and 10025)
   
• Major support – 10485 (trend line joining 9302 and 10200).
   
• The index broken 161.8% fibo level 11327 and jumped till 11399.It is currently trading around 11300.
   
• The break above 11327 confirms that decline from 10830 got ended at 10025 and jump till 11800 is possible.


• Minor term trend is bullish as long as support 11200 (7- day MA) holds.
   
• On the lower side, minor support is around 11200 (7- day MA) and any break below 11200 will drag the index down till 11050 (10- day MA)/10900 (daily Tenken-Sen)/10705 (50% ).
   
• The major resistance is around 11337 and any violation above targets 11435/11579/11882 (May 20th high).
   
• Short term weakness only below 10000.
  
  It is good to buy on dips around 11350-380 with SL around 11200 for the TP of 11880.