Minor Support - 17960 (5- day MA).
•Nikkei225 continues its up trend move and broken the high of 18107 made on 17th Nov 2016 on account of weaker yen and is currently trading at 18152 0.68% higher.
•Technically index is slightly bullish as long as support 17960 (5- day MA) holds.
•On the higher side, major resistance is around 18300 and any break above targets 18500/18800 in the short term.
•The index immediate support is at 17960 (5- day MA) and any break below will drag the index down till 17780 (100- day MA)/17695 (10- day MA)/17460 in the short term.
•The index should break below 16800 for further weakness.
It is good to buy on dips around 18000 with SL 17780 for the TP of 18300/18500.
