Minor Support - 18150 (5- day MA).
•Nikkei225 trading higher and made a fresh 10 - month high on account of weaker yen. The index breaks the high made yesterday at 18442 and jumped till 18462 and is currently trading at 18454 0.3% lower.
•Technically index is slightly bullish as long as support 18150 (7- day EMA) 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 18150 (7- day EMA) and any break below will drag the index down till 17999 (10- day MA)/17601 (21-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.
