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Major intraday support -15650 (4 Hour Kijun-Sen)
Major Intraday resistance- 16066 (200 4H MA)
- Nikkei225 has broken major resistance 16066 and jumped till 16244 at the time of writing. It is currently trading around 16149.
- The index is trading slightly well above pschycological resistance 16000. So a jump till 16543/16700 is possible.
- On the lower side immediate support is around 15650 (200 4H MA) and any break below targets 15500/15390 (90 day EMA).
- The Nikkei225 is facing resistance around 16250 and any break above targets 16543/16850.
It is good to buy on dips around 15800 with SL around 15640 for the TP of 16250/16540
