Our pivot point is at 5555.00.

Our preference: the upside prevails as long as 5555 is support.

Alternative scenario: below 5555, expect 5524.40 and 5506.20.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. CSI 300 index is trading above both its 20 and 50 period moving average (respectively at 5498.73 and 5464.13).

Supports and resistances:

5687.80 **

5669.40 *

5651.20 **

5633.00

5596.35 last

5567.00

5555.00 **