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Major Support -15945 (daily Kijun-Sen) .
- Major resistance- 16380 (90 4H EMA
- Nikkei225 has recovered after making a low of 15988 yesterday.It is currently trading around 16233.
- The minor resistance is around 16380 (90 4H EMA ) any break above targets 16500/16800.It should break above 17200 (200 day MA) for major trend reversal.
- On the lower side immediate support is around 15945 and any break below targets 15800/15500.
It is good to sell on rallies around 16300 with SL 16420 around 16800 for the TP of 16000.
