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- Major resistance- 5560 (Aug 9th 2016 high).
- Major support - 5500 (trend line joining 5483 and 5459).
- The index has broken high made on Aug 9th and jumped till 5573 at the time of writing. It is currently trading around 5567.
- On the higher side,any break above 5560 confirms minor bullishness , a jump till 5625 (Aug 1st high)/5700 is possible.
- The minor support is around 5527 (daily Kijun-Sen) and any break below targets 5500/5460/5400 in the short term.
It is good to buy on dips around 5535 with SL around 5500 for the TP of 5625/5700
