• Major Support -16424 (90 day EMA) 
   
• Major Intraday resistance- 17000  
  ​
• Nikkei225 has retreated after making a high of 16930 yesterday.It is currently trading around 16632.
   
• The index is facing psychological resistance at 17000 and any break above confirms further bullishnes.
   
• On the lower side immediate support is around 16520 (7 day EMA) and any break below targets 16420 (90 day EMA)/16230 (55 dy EMA).
   
• The Nikkei225 is facing resistance around 17000  and any break above targets 17250/17480. 
  
  It is good to sell on rallies around 16850 with SL around 17000 for the TP of 16425/16210.