• Major resistance -5300.
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• Major support - 5240 (100- HMA).
   
• The index has once again retreated after making a high of 5301 at the time of writing. It is currently trading around 5279.
   
• On the higher side,major resistance is around 5300 (psychological level) and any break above 5300 will take the pair till 5350/5449 (61.8% retracement of 5625 and 6152). The index should break above 5625 for further jump till 5700.
   
• The major support is around 5240 and any break below targets 5200/5150 in the short term. 
  
   It is good to sell on rallies around 5295-5300 with SL around 5350 for the TP of 5240/5200