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FxWirePro:Nikkei slightly declined from the high of 18482, good to buy on dips

Minor Support - 18090 (10- day MA). •Nikkei225 has made a top of 18482 and slightly declined from that level. It is currently trading at 18290 0.45% lower. •Technically index is slightly bullish as long as support 18090 …

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FxWirePro:Nikkei slightly declined from the high of 18482, good to buy on dips
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Minor Support - 18090 (10- day MA).

•Nikkei225  has made a top of 18482 and slightly declined from that level. It is currently trading at 18290 0.45% lower.

•Technically index is slightly bullish as long as support 18090 (10- day MA) holds.

•On the higher side, major resistance is around 18500 and any break above targets 18800/19000 in the short term.

•The index immediate support is at 18094 (10- day MA) and any break below will drag the index down till 17645(10 day  MA) in the short term.

•The index should break below 16800 for further weakness.

 It is good to buy on dips around 18150-180  with SL 18000 for the TP of 18500/18780.

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