•Nikkei225 slightly recovered after making a low of 19362. It is currently trading around 19412 0.3% lower.
•Japanese Yen trades weaker against U.S dollar after Fed interest rates hike. The yen weakened from the low of 114.77 to 118.66 yesterday.
•Technically index is expected to jump slightly further on account of weaker yen.
•On the higher side, major resistance is around 19445 (161.8% retracement of 19347 and 19187) and any break above targets 19600 (61.8% retracement of in the short term.
•The index immediate support is at 19135 (7- day MA)18800 (200- HMA) and any break below targets 18915 (10- day MA)/18685 (61.8% retracement of 18224 and 19457)/18200.
•The index should break below 18000 for further weakness.
It is good to buy on dips around 19250 with SL around 19000 for the TP of 19600/19800.
