- Minor Support - 17800 (Resistance turned into support).
- Nikkei225 jumped sharply till 17900 on account of weak yen and slightly declined from that level.The index is still holding above 17500 and is currently trading at 17885 0.07% lower.
- Technically index is slightly bullish as long as support 17265 (200- HMA) holds.
- On the higher side, major resistance is around 18000 and any close above targets 18300.
- The index immediate support is at 17500 (100- H MA) and any break below will drag the index down till 17260 (200- H MA)/16800 in the short term.
- The index should break below 16800 for further weakness.
It is good to buy on dips around 17700 with SL 17200 for the TP of 17800/18000.
