• Major resistance -5445 (55-day EMA).
   
• Major support - 5350.
   
• The index has slightly recovered after making a low of 5351 yesterday. It is currently trading around 5422.
   
• 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 buy on dips around 5400 with SL around 5350 for the TP of 5480/5520