• Major intraday resistance - 18870 (100- day MA). 


• Nikkei trades weak on account of stronger yen.The Japanese yen spiked to highest level since Nov 2016 due to uncertainty in Syria and North Korea.The index declined sharply after a slight jump till 18847.It's major support is around 18500 and any break below confirms further weakness.
   
• JPY gains against all major pairs and has broken major support at 110. The pair declined till 109.34 and is currently trading around 109.51. 
   
• On the lower side , 18500 will be acting as major support for Nikkei and any break below will drag the index till 18325 ( 61.8% retracement of 16106 and 16698)/18000 . 
   
• The major resistance is around 18870 (100- day EMA ) and any break above will take the index till 19089 (100- day MA)/19200/19365 ( 61.8% retracement of 19669 and 18867). 
  
  It is good to sell on rallies around 18600-650 with SL around 18900 for the TP of 18325/18000..