- Major Intraday resistance - 5210 (200 H MA)
- The index breaks major support 5200 and declined till 5163 at the time of writing. It is currently trading around 5162.
- Overall trend is weak as long as the resistance 5240 (55 H EMA) holds.
- The index's major resistance is around 5240 and any break above targets 5275/5300.
- On the lower side, support is around 5140 (200 4H MA) and any violation below that level will drag the index till 5100/5075 in the short term.
- Overall bearish invalidation only above 5430.
It is good to sell on rallies around 5200 with SL around 5240 for the TP of 5143/5100.
