Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Nikkei225 trades above 17500, jump till 1800 likely

  • Major support - 16800
     
  • Nikkei225 breaks above 17500 and jumped till 17679. The index is trading well above the trend line resistance and currently trading at 17659 1.39% higher.  
     
  • Technically index has closed well above 17000 level and jump till 18000 is possible.
     
  • On the higher side, major resistance is around 17800 and any close above targets  18000/18300.
     
  • The index immediate support is at 17400 (5- day MA) and any break below will drag the index down till 17200 (10- day MA)/16800 in the short term.
     
  • The index should break below 16800 for further weakness.

  It is good to buy on dips around 17400  with SL 17200 for the TP of 17800/18000.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.