Nikkei225 trades flat, break above 18745 confirms bullishness

Nikkei225 rises slightly after making a low of 18224 on strong U.S data .The index has formed a temporary top around 18742 and not able to close above  level. It is currently trading at 18429 0.12% lower.

•Technically index is slightly bullish as long as support 18200 holds.

•On the higher side, major resistance is around 18800 and any break above targets 19000/19300 in the short term.

•The index immediate support is at 18200 and any break below targets 18059 (21- day MA)/ 17840 (34- day EMA).

•The index should break below 16800 for further weakness.

 It is good to buy on dips around 18200 for the TP of 18000 for the TP of 18750/19000.