Nikkei225 faces support around 55 W EMA, good to buy at dips
Major support - 18600 ( 55 W EMA) The index has declined till 18535 on previous week and recovered from that level. Nikkei has made a low of 18640 yesterday and jumped from that level. it is currently trading around 1888…
The index has declined till 18535 on previous week and recovered from that level. Nikkei has made a low of 18640 yesterday and jumped from that level. it is currently trading around 18881.
Minor short term resistance is around 19170 (12 M MA) and break above targets 19300/19460/19690.
On the lower side major support is around 18500 and break below targets 18070/17900.
It is good to buy at dips around 18750-800 with SL around 18500 for the TP of 19165/19300
