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- Major support - 5210 (90 4H EMA)
- Major resistance - 5295 (200 4H MA)
- The index has slightly declined after making a high of 5288 .It is currently trading around 5275.
- The intra day trend is slightly bullish as long as the support 5210 holds.
- The index's major resistance is around 5290 and any break above targets 5325/5350.
- On the lower side, support is around 5210 and any violation below that level will drag the index till 5150/5100/5075 in the short term.
- Overall bearish invalidation only above 5430.
It is good to buy at dips around 5235 with SL around 5200 for the TP of 5295/5325.
