Suspected yen intervention drove Nikkei to climb significantly. It reached an intraday high of 65249 and is now at 64506.
|
Technicals |
CMP -64506 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
64130 |
CMP>value |
Bullish |
|
200- EMA |
66701 |
CMP <value |
Bearish |
|
365- EMA |
65291 |
CMP<value |
Bearish |
|
61519 |
CMP>Value |
Bullish |
Near-term resistance - 65300/65500/67550. Near-term support- 64000/62650/61500.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Neutral |
|
It is good to buy above 65300 with a SL around 64000 for a TP of 67500.
Nikkei Market Snapshot: Top Performing Sectors & Key Scrips
Strong gains in high-tech and industrial supply chains, headed by the Electric Appliances and Semiconductor Electronics sector (up around 3%), together with strong results in Nonferrous Metals and Precision Instruments, are now driving Japan's stock market. Among outstanding individual stocks to keep an eye on are Advantest Corp. (+10.85%), NEC Corp. (+8.43%), Hitachi (+6.01%), and Mitsui Mining & Smelting (+5.57%). All of these companies are profiting from the rising demand for AI chips, strong corporate IT spending, and infrastructure development in the power grid.


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