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Major support - 15470 ( 200 W MA )
Minor resistance - 16280 (7 day EMA)
Nikkei Index has made a low of 15670 at the time of writing and slightly recovered from that level. It is currently around 15838.
Short term trend is slightly bullish as long as support 15470 (200 W MA) holds.
The index major intra day resistance is around 16000 and any break above 16000 will take the index to next level 16111(90 HMA)/16280/16550.
Overall trend reversal is at 15470 (200 W MA) and any break below targets 15000/14800.
It is good to buy at dips around 15700-750 with SL around 15470 for the TP of 16100/16280
