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- Major resistance -5445 (55-day EMA).
- Major support - 5385 (90- day EMA).
- The index has broken major support 5385 yesterday and declined till 5358 at the time of writing.It is currently trading around 5371.
- On the higher side,minor resistance is around 5445 (55- day EMA) and any break above 5445 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 5333 (50% retracement of 5041 and 5625) and any break below targets 5300 (cloud bottom)/5264 in the short term.
It is good to sell on rallies around 5400 with SL around 5450 for the TP of 5360/5300
