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- 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.
- 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.
