• Nikkei225 is consolidating after jumping till 16764 level.It is currently trading around 16734.
   
• The index jumped sharply yesterday compared all other asian indices on account of weaker yen.The yen depreciation is positive Japan's economy and it is expected to boost country's exports.  
   
• The index is facing resistance around 16800 and any break above will take the nikkei to next level 16930. Any close above 17000 confirms further bullishness 15500/15300. 
   
• Short term trend is slightly bullish as long as the index not able to break below 16200. 
   
• On the lower side, any break below major intraday support 16670 (hourly Kijun-Sen) and any break below 16670 will drag the pair 16550 (200- HMA)/16400.The minor support is around 16580/16410.
  
  It is good to buy on dips around 16450-500 with SL 16200 for the TP of 16800/1700.