• Major resistance- 5625 (Aug 1st 2016 high).
   
• Major support - 5490 (34 EMA).
   
• The index has recovered after making a low of 5507 at the time of writing. It is currently trading around 5532.
   
• On the higher side,any break above 5625 temporary top  confirms minor bullishness, a jump till 5700 is possible.
   
• The minor support is around 5490 (34 day EMA) and any break below targets 5460/5400 in the short term.    
  
   It is good to buy on dips around 5530 with SL around 5490 for the TP of 5625/5700