Minor Support - 18060 (7- day EMA).
•Nikkei225 continues its up trend move and trading well above 18000 on account of weaker yen. The index breaks major resistance 18300 jumped till 18442 and is currently trading at 18372 0.3% lower.
•Technically index is slightly bullish as long as support 18060 (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 18060 (7- day EMA) and any break below will drag the index down till 17900 (10- day MA)/17550 (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.
