• Major resistance  - 16985 (11 May High)
   
• Major support - 16410 (100 day 4H MA)
   
• Nikkei index has jumped till 16827 today morning in Asian session . It is currently trading around 16779.
   
• Short term trend is  slightly bullish as long as support 16400 holds.
   
• The index major resistance is around 17000 and any break above will take the index to next level 17300/17525.The minor resistance is at 16850. 
    
• On the lower side major support is around 16400 (100 day 4H MA)  and break below targets  till 16200/16000/15800 in short term.
    
• Short term trend reversal  can be seen only below 15000.
  
  It is good to buy at dips  around 16600 with SL around 16400 for the TP of  17000/17200