- Minor resistance - 16000 (3 W EMA)
- Nikkei Index have made a low of 15260 in previous week and closed at 15574. The index is expected to trade extremely volatile till Thrusday on account of Brexit referendum. It is currently around 15574.
- Short term trend is slightly bullish as long as index not closing below 15500 (200 W MA) .
- The index major weekly resistance is around 16000 (3 W EMA) and any break above 16000 will take the index to next level till 16260 (daily Tenken-Sen) /16480 (7 W EMA).
- Overall trend reversal is at 15500 (200 W MA) and any break below targets 15250/15000/14800.
It is good to buy at dips around 15550 with SL around 15250 for the TP of 16170/16280
