Minor Support - 18025 (5- day MA).
•Nikkei225 continues its up trend move and trading well above 18000 on account of weaker yen. The index jumped till 18242 and and is currently trading at 18152 0.68% higher.
•Technically index is slightly bullish as long as support 18000 (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 18000 (5- day MA) and any break below will drag the index down till 17780 (10- day MA)/17498 (21-day MA) 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.
