• Major resistance -5441 (55-day EMA).
   
• Major support - 5333 (Cloud bottom).
   
• The index has broken major support at  5333 and declined slightly till 5325 at the time writing.It is currently trading around 5339.
   
• On the higher side,minor resistance is around 5377 (100-day MA) and any break above 5377 will take the pair till 5400/5437 (55- day EMA) / 5461 (daily Kijun-Sen). The index should break above 5625 for further jump till 5700.
   
• The major support is around 5333 and any break below targets 5300/5264 in the short term. 
  
   It is good to sell on rallies around 5370 with SL around 5402 for the TP of 5300