Thursday, October 15, 2026

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FxWirePro: Nikkie225 faces strong support at 14770, good to buy at dips

Major support – 14770 (Feb 2nd 2016) Major Intraday resistance- 15765 (200 H MA) Nikkei225 has slightly recovered after making a low of 14990. It is currently trading around 15250. The index is trading well above hourly …

By FxWire Pro
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FxWirePro: Nikkie225 faces strong support at 14770, good to buy at dips
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  • Major support – 14770 (Feb 2nd 2016) 
     
  • Major Intraday resistance- 15765 (200 H MA) 
     
  • Nikkei225 has slightly recovered after making a low of 14990. It is currently trading around 15250.
     
  • The index is trading well above hourly Tenken-Sen and Kijun-Sen. So a slight jump till 15500/15750 is possible.
     
  • On the lower side immediate support is around 14770 (Feb 2016 low) and any break below targets 14250/13800/13300/12800. 
     
  • The Nikkei225 is facing resistance around 15315 (50 HMA)  and any break above targets 15500/15765. 

It is good to buy at dips around 15100 with SL around 14770 for the TP of 15490/15750

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By FxWirePro Team