• Major resistance -5445 (55-day EMA).
   
• Major support - 5350.
   
• The index has slightly retreated after making a high of 5434 yesterday. It is currently trading around 5409.
   
• On the higher side,minor resistance is around 5442 (55- day EMA) and any break above 5442 will take the pair to next level till 5488 (daily Kijun-Sen)/5500/5520. 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 5420-5430 with SL around 5451 for the TP of 5351/5300