• Major support -16260 (38.2% retracement of 14823 and 17159).
   
• Major resistance- 16805 (200- HMA).
   
• Nikkei225 has declined slightly after making a high of 16511.It is currently trading around 16443.
   
• The index is trading slightly above Tenken-Sen (16421) and kijun-sen (16450).But it should close above 55- H EMA (16510) for further bullishness.
   
• On the higher side,  next immediate resistance is around 16510 (55 H EMA) and any break above will take the index till 16650 (38.2% retracement of 17159 and 16333)/16800  .
    
• The major support is around 16260 (38.2% retracement of 14823 and 17159) and any break below 16260 will drag the pair  till 16035 (cloud bottom).
  
  It is good to sell on rallies around 16550-600 with SL 16800 for the TP of 16035