• Major Support -16200 (55 day EMA) 
   
• Major Intraday resistance- 16656  
  ​
• Nikkei225 has jumped till 16724 and slightly declined from that level.It is currently trading around 16569.
   
• The index upside  has been capped by 16660 (trend line joining 17770 and 17247) and nikkei struggling to close above trend line resistance.
   
• On the lower side immediate support is around 16200 (55 EMA) and any break below targets 16000/15830.The minor support  is around 16400.
   
• The Nikkei225 is facing resistance around 16660  and any break above targets 16850/17000/17250. 
  
  It is good to buy on dips around 16400 with SL around 16165 for the TP of 16840/17000.