Friday, October 16, 2026

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Nikkei faces minor resistance around 17200, good to buy at dips

Major support -16500 ( 7 day EMA) The index has broken major resistance 17035 and jumped till is currently trading around 16908. The index is facing minor resistance around 17200 and any break above targets 17400/17780. …

By Lis Howell
1 min read
Nikkei faces minor resistance around 17200, good to buy at dips
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  • Major support -16500 ( 7 day EMA)
     
  • The index has broken major resistance 17035 and jumped till is currently trading around 16908.
     
  • The index is facing minor resistance around 17200 and any break above targets 17400/17780.
     
  • On the lower side minor support is around 16500 and break below targets around 16200/16000/ minor support is around 16800.
     
  • Short term weakness can be seen only below 15500.


It is good to buy at dips around 16700-750 with SL around 16400 for the TP of 17250/1778016800

 

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