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- Major support - 4835 (trend line joining 4765 and 4822)
- Major resistance -4915 (Kijun-Sen)
- The index has broken major support around 4835 and declined till 4825. It is currently trading around 4828.
- Any break below 4835 confirms minor weakness , a decline till 4765 is possible.
- On the higher side resistance is around 4915 and break above targets 4950/5000. The index should close above 5000 for further up move. The minor resistance is around 4863/4878/4900.
It is good to sell on rallies around 4865-70 with SL around 4915 for the TP of 4765.
