Thursday, October 15, 2026

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Nikkei faces strong resistance at 17000, good to buy at dips

Major resistance - 17000 Major support -16200 The index has broken major resistance 16525 and jumped till 16949 at the time of writing. It is currently trading around 16884. The major resistance is around 17000 and any b…

By Lis Howell
1 min read
Nikkei faces strong resistance at 17000, good to buy at dips
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  • Major resistance - 17000
     
  • Major support -16200
     
  • The index has broken major resistance 16525 and jumped till 16949 at the time of writing. It is currently trading around 16884.
     
  • The major resistance is around 17000 and any break above targets 17200/17400/17780.
     
  • On the lower side minor support is around 16400 and break below targets around 16200/16000/15800.
     
  • 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 17250/17780

 

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