• Major intraday resistance -5525 (9-day EMA).
   
• Major support - 5448 (55 EMA).
   
• The index has broken major support at 55-day EMA and declined till 5409 at the time of writing. It is currently trading around 5417.
   
• On the higher side,minor resistance is around 5450 (support turned into resistance) and any break above 5450 will take the pair to next level till 5500/5520 (9- day EMA). The index should break above 5625 for further jump till 5700.
   
• The major support is around 5360 (100 day MA) and any break below targets 5300 (cloud bottom) in the short term.    
  
   It is good to sell on rallies around 5455-5460 with SL around 5520 for the TP of 5360