Major support - 20800
Asian markets are trading higher on renewed trade optimism. Xiuha news agency reported that Chinese President Xi Jinping said that progress was being made and new consensus has reached.. US 10 year yield continues to trade higher and hits 10 day high at 2.536%. USDJPY has closed above 200- day MA for 2nd consecutive day and a jump till 112./112.20 is possible. Nikkei is consolidating between 21494 and 21844 in past three days and is currently trading around 21824.Markets eye US Non farm payroll data for further direction.
On the lower side, near term support is around 21460 (20- day MA) and any break below targets 21320/21000/20800.
The near term resistance is at 21875 and any break above targets 22000/22180.
It is good to buy on dips around around 21500-550 with SL around 21320 for the TP of 22000/22180.
