• Major intraday resistance - 18870 (100- day MA). 
   
• Chart pattern - Bullish divergence ( MACD ) .
   
• Nikkei has declined till 18500 at the time of writing and slightly recovered from that level. It is currently trading at 18563 at 0.82% lower. 
   
• Market awaits US Non farm payroll for further direction. US economy is expected to add 174K of jobs in Mar after adding 235K on Feb.
   
• USD/JPY  is facing strong support at 110 and any break below confirm further weakness. It is currently trading around 110.40. 
   
• 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 buy on dips around 18550 with SL around 19325 for the TP of 19000/19085.