• Major support   - 5470 (21 4H MA)
   
• The index has broken major resistance 5500 and jumped till 5550 at the time of writing.It is currently trading around 5530.
   
• Overall trend is bullish as long as the support 5470 (21 4H MA) holds. 
   
• Any break above major resistance 5500 will take the index to next level till 5600/5645 in the short term.
   
• On the lower side, support is around 5470 (21 4HMA) and any violation below that level will drag the index till 5440/5390/5350.
  
  It is good to buy on dips around 5500 with SL around 5470 for the TP of 5600/5625.