FxWirePro: Nikkei225 opened up on FBI clean chit to Clinton, good to sell on rallies
Major support - 16800 Nikkei225 showed a gap up opening today morning after FBI gives clean chit to Hillary Clinton . The index rose 1.7% to 17184 at the time of writing from the low of 16804, the lowest till Oct 17th. T…
Nikkei225 showed a gap up opening today morning after FBI gives clean chit to Hillary Clinton . The index rose 1.7% to 17184 at the time of writing from the low of 16804, the lowest till Oct 17th.
Technically index has slightly recovered after declining til 16804 at the time of writing .But short term trend is still weak as long as resistance 17290 holds.
On the higher side, major resistance is around 17250 and any break above targets 17500/17695.
The index immediate support is at 16800 and any break below will drag the index down till 16500/16200 in the short term.
It is good to sell on rallies around 17150 with SL 17300 for the TP of 16870/16520.
