• Major support   - 5368 (4 Hour Kijun-Sen)
   
• The index has broken major resistance around 5430 and jumped till 5459 at the time of writing   .It is currently trading around 5458.
   
• Overall trend is bullish as long as the support 5368 (4H Kijun-Sen) holds. 
   
• Any break above major resistance 5431 will take the index to next level till 5475/5500/5550.
   
• On the lower side, support is around 5408 (21 4HMA) and any violation below that level will drag the index till 5368/5350/5320 in the short term.
  
  It is good to buy on dips around 5425 with SL around 5365 for the TP of 5500/5550.