Yesterday was a day in which bears controlled the markets from the beginning till the end. On the end of the day charts, it is clear that bulls and bears are moving the markets alternatively and maintaining the tight range.
Options data is indicating a bearish bias and not a straight breakaway into the target of 5462. There was unwinding seen in 5300 puts and accumulation in all near strike calls which is infact pointing to a bearish move, just as it was pointing to a bullish move at the start of yesterday and during intraday it changed to bearish.
Today again 5300 puts and 5400 puts OI needs to be watched out to confirm the bullish trend continuation. As of now it is pointing to a fall back into range again after testing 5300 levels.
Resistance levels : 5270, 5312, 5334
Support levels : 5233, 5191, 5180
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