Supports: As shown in the above chart, a failure to break 5168.8 (high posted on last Friday), can unfold a 5 wave down move. But in all bearish possibilities targets are not below 5110/5100 below 5125. Below 5100 it may witness little more sell-off towards 5085/80-5060/50.
Resistances: 5170/75 remains the same. Above that fresh breakout may lead it towards5195-5215/20-5240. With a positional target of 5340-5430 above 5180, closing basis.
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