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- Minor resistance - 15780 (3 day EMA)
- Nikkei Index has recovered after making a low of 15260 yesterday on account of rumours of suspension of the Brexit referendum after British MP Jo Cox shot dead. It is currently around 15668.
- Short term trend is slightly bullish as long as index not closing below 15470 (200 W MA) .
- The index major intra day resistance is around 15780 (3 day EMA) and any break above 15780 will take the index to next level till 16040/ 16167 (10 day EMA)/16280.
- Overall trend reversal is at 15470 (200 W MA) and any break below targets 15250/15000/14800.
It is good to buy at dips around 15550 with SL around 15250 for the TP of 16170/16280
