Major support - 20800
Asian markets are trading lower following foot steps of US market.US economy has added only 20000 jobs in Feb compared to forecast of 18000 and unemployment came at 3.8% vs estimate of 3.7%. US markets has closed lower for 5th consecutive day with Dow Jones at 25450 (0.09% lower) and S&P500 2743 (0.21% lower).Nikkei has has recovered nearly 250 points from low of 20836. USDJPY lost more than 100 pips from high of 112.13 level.It is currently trading around 111.08.
On the lower side, near term support is around 20800 and any break below targets 20500/20320.
The near term resistance is at 21180 (89- day EMA) and any break above targets 21364/21500/21650.
It is good to buy on dips around 21000 with SL around 20800 for the TP of 21364/21500.
