Rome was not build in a Day.
Yesterdays move may have converted many bears in to bulls. Me too was slightly frightened . But with today's opening I regained confidence in Bears. Yesterday and Today is a Classic case of What the Option Players can do.. Much of the action is happening around 5600 Calls/Puts.
For tomorrow Resistance lies at 5580 - 5595 above which again an up move may be seen till 5625 - 5635 . On the contrary a Move below 5555 ... would invite 5502 - 5497 -5465 at the most. At 5465 or 5497 we have see the market dynamics and its behavior to take any further position.
Lower the SL for shorts to now to 5620NS / 5645NF.
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