• Major support - 5040 
   
• Major resistance - 5200 (200 H MA)
   
• The index has recovered after making a low of 5041 .It is currently trading around 5144.
   
• The intra day trend is slightly bullish as long as the support 5110 (hourly Kijun-Sen) holds.
   
• The index's major resistance is around 5140 and any break above 5140 will take the pair till 5183/5200 (200 HMA). 
   
• On the lower side, support is around 5100 and any violation below that level will drag the index till 5075/5040/5000 in the short term.
   
• Overall bearish invalidation only above 5430.
  
  It is good to buy at dips around 5125 with SL around 5075 for the TP of 5180/5200