- Nikkei225 breaks 200- HMA after Fed kept its interest rate unchanged in September meeting.It is currently trading around 16633.
- Fed has kept its interest rate unchanged and reiterated that "the case for an increase in the federal funds rate has strengthened".
- Technically in the hourly chart the index is trading well above Tenken-Sen (16595),kijun-sen (16586) and also above 200- HMA a jump till 16835/17000 is possible.
- Nikkei should break above 17159 for further bullishness.
- The major support is around 16470 (100- HMA) and any break below targets 16260 (38.2% retracement of 14823 and 17159)/16000.
It is good to buy on dips around 16600 with SL 16465 for the TP of 16835/17000
