•Minor Support - 17750 (55-H EMA).
•Nikkei225 trades higher on account of weaker yen and it is facing strong resistance at 18000.The index is holding above 17500 and is currently trading at 17820 0.22% higher.
•Technically index is slightly bullish as long as support 17360 (200- HMA) holds.
•On the higher side, major resistance is around 18000 and any close above targets 18300.
•The index immediate support is at 17645 (100- H MA) and any break below will drag the index down till 17500/17360 (200- H MA)/16800 in the short term.
•The index should break below 16800 for further weakness.
It is good to buy on dips around 17650 with SL 17350 for the TP of 18000/18300.
