FxWirePro :Nikkei225 faces strong psychological support at 15000, good to buy at dips
Minor resistance - 15780 (3 day EMA) Nikkei Index has recovered after making a low of 15260 yesterday on account of rumours of suspension of the Brexit referendum after British MP Jo Cox shot dead. It is currently around…
Nikkei Index has recovered after making a low of 15260 yesterday on account of rumours of suspension of the Brexit referendum after British MP Jo Cox shot dead. It is currently around 15668.
Short term trend is slightly bullish as long as index not closing below 15470 (200 W MA) .
The index major intra day resistance is around 15780 (3 day EMA) and any break above 15780 will take the index to next level till 16040/ 16167 (10 day EMA)/16280.
Overall trend reversal is at 15470 (200 W MA) and any break below targets 15250/15000/14800.
It is good to buy at dips around 15550 with SL around 15250 for the TP of 16170/16280