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- Major resistance - 5020 ( trend line joining 5074 and 5036)
- Minor support 4975
- The index has broken psychological resistance 5000 and jumped till 5017 at the time of writing. It is currently trading around 5013.
- On the higher side any break above 5020 will take the index to next level till 5075/5130 in short term.
- Minor support is around 4975 and break below targets 4930/4900.
- Short term weakness only below 4850.
It is good to buy above 5020 with SL around 4975 for the TP of 5075/5125
