Nikkei is consolidating after hitting high of 21330. The index jumped more than 5% in past one week.US markets has given up gains made earlier yesterday and closed slightly lower.Asian markets are holding due to
- Fresh stimulus by Chinese government to revive economy.
- Renewed attacks by Trump on Fed .
But Trump said that US will again impose tariffs on China if no deal happens in G20 summit
On the higher side, near term resistance is around 21300 and any violation above will take the index to next level till 21437/21550/21681.
The near term support is around 20950 and any convincing break below will drag the index down till 20650/20458/20288.
It is good to buy on dips around 20850-900 with SL around 20600 for the TP of 21280/21437.
