• Major support   - 5555 (4H Kijun-Sen)
   
• The index has broken major psychological resistance at 5600 and jumped till 5622 at the time of writing. It is currently trading around 5616.
   
• Overall trend is bullish as long as the support 5525 (55 4H EMA) holds. 
   
• Any break above major resistance 5600 will take the index to next level till 5672 (161.8% retracement of 5431 and 5041)/5700 in the short term.
   
• On the lower side, support is around 5555 (55 4H EMA) and any violation below that level will drag the index till 5525/5500/5480.
  
  It is good to buy on dips around 5585-5590 with SL around 5550 for the TP of 5670/5700.