Importance of 5349

1. This is the for the past 8 weeks. A break of this take us to 5225, the previous low.
2. Monthly pivot at 5357 and weekly support at 5357 are key levels.
3. Next support at around 5300.
4. 50 ema at 5387, we can have a bounce uptil this point.

Strategy: Book part shorts and watch a clean break of 5349. resistances at 5387, 5451. Go long only above 5400 if you are aggressive.