• Major Support -16008 (daily Kijun-Sen) .
   
• Major resistance- 16415 (90 day EMA).
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• Nikkei225 has recovered slightly after making a low of 15894 yesterday.It is currently trading around 16259.
   
• The intraday trend is slightly weak as long as resistance 16415 holds. 
   
• The minor resistance is around 16415 (90 day EMA ) any break above targets 16660/16800.It should break above 17170 (200 day MA) for major trend reversal.
   
• On the lower side immediate support is around 16008 and any break below targets 15800/15500/15300.
• It is good to sell on rallies around 16250-16300 with SL 16420 for the TP of 15820/15500.