Thursday, October 15, 2026

Technicals

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FxWirePro: Nikkei225 faces strong resistance at 17035, good to buy at dips

Major resistance - 17035 (55 day EMA) Major support -16500 ( 7 day EMA) The index has made a high of 16984 and slightly declined from that level. It is currently trading around 16951. The major resistance is around 17035…

By Lis Howell
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Major resistance - 17035 (55 day EMA)
     
  • Major support -16500 ( 7 day EMA)
     
  • The index has made a high of 16984 and slightly declined from that level. It is currently trading around 16951.
     
  • The major resistance is around 17035 and any break above targets 17200/17400/17780.
     
  • On the lower side minor support is around 16500 and break below targets around 16200/16000/15800.
     
  • Short term weakness can be seen only below 15500.


It is good to buy at dips around 16700-750 with SL around 16400 for the TP of 17250/17780

 

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By FxWirePro Team