• Major resistance - 5290 (200 4H  MA)
   
• The index has declined sharply from the high of 5299. It is currently trading around 5227.
   
• Overall trend is weak as long as the resistance 5300 holds. 
   
• The index's major resistance is around 5300 and any break above targets 5325/5350. 
   
• On the lower side, support is around 5220 and any violation below that level will drag the index till 5200/5150/5100 in the short term.
   
• Overall bearish invalidation only above 5430.
  
  It is good to sell on rallies around 5245-5250 with SL around 5300 for the TP of 5150/5130.