Minor Support - 17750 (100-H MA).
•Nikkei225 trades higher on account of weaker yen and breaks major psychological resistance at 18000 on account of weaker yen. The index has made a high of 18107 and is currently trading at 18027 0.40% lower.
•Technically index is slightly bullish as long as support 17470 (200- HMA) holds.
•On the higher side, major resistance is around 18300 and any break above targets 18500/18800 in the short term.
•The index immediate support is at 17750 (100- H MA) and any break below will drag the index down till 17470 (200- HMA)/17200 in the short term.
•The index should break below 16800 for further weakness.
It is good to buy on dips around 17700-750 with SL 17470 for the TP of 18300/18500.
