Nikkei225 declined sharply after making a temporary top around at 18742 yesterday. It is currently trading at 18407 0.16% lower
•Technically index is slightly bullish as long as support 18310 (10- day MA) holds.
•On the higher side, major resistance is around 18800 and any break above targets 19000/19300 in the short term.
•The index immediate support is at 18310(10- day MA) and any break below will drag the index down till 18200 /18000 in the short term.
•The index should break below 16800 for further weakness.
It is good to buy on dips around 18400 for the TP of 18180 for the TP of 18750/19000.
