• Major support   - 5327 (21 4H  MA)
   
• The index has retreated after making a high of 5414 .It is currently trading around 5375.
• Overall trend is bullish as long as the support 5271 (200 4H MA) holds. 
   
• Any break above major resistance 5431 will take the index to next level till 5475/5500. 
   
• On the lower side, support is around 5350 and any violation below that level will drag the index till 5327/5309/5271 in the short term.
  
  It is good to buy on dips around 5350 with SL around 5300 for the TP of 5430/5500.