• Nikkei has broken major psychological resistance at 20000 and jumped till 20076 highest level since Aug 8th 2017 on account of strength in global equities and weak yen. The index jumped almost 800 points from the low and it is trading around 20071 0.18% lower.
   
• Global equities hits record high as Irma weakens and gain in US dollar.
   
• USD/JPY has broken major resistance of 111.13 (100- day MA) and jumped till 111.33. Any convincing break above 111.13 will take the pair to next level till 112.It is currently trading around 111.15.Short term support is around 107.30 and any break below targets 106.
   
• On the lower side, index major support is around 19820 (100- day MA) and any break below will drag the index down till 19560 (20- day MA)/19425 (61.8% retracement of 19144 and 19899)/19250 (233- day MA)/19144.
   
• The near term resistance of Nikkei is around 20319 (Jun 20th 2017) and break above will take the index to 20500/20905.
   
  It is good to buy on dips around 19800-850 with SL around 19500 for the TP of 20319/20550.