Yesterday's bounce and retracements were swift. Closed at the pivot level 5227 for today which is just above the daily low EMA. Interesting to watch as how the market will open today. If it opens down then immediate level to look for is 5209 hourly low EMA and pivot support 5191 which happens to be the low recorded yesterday. At the moment the trend appears to be mildly +ve. If the market sustains above 5255 [5 day EMA] then it can go towards the 5300+ range. Key level to watch out for are 5252 which is 80% retracement of the fall from 5263 to 5206 which happened yesterday afternoon.
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