Nikkei225 trades well above 17000, jump till 17500 is possible

• Major resistance  - 17170 (trend line joining 19990 and 17745 )
   
• Major support - 16650 (55 day EMA)
   
• Nikkei index is trading well above psychological resistance 17000 and closed at 17057 yesterday. It is currently trading around 17142.
   
• Short term trend is  slightly bullish as long as support 16675 holds.
   
• The index major resistance is around 17170 and any break above will take the index to next level 17300/17525. 
    
• On the lower side major support is around 16675 (55 day EMA)  and break below targets  till 16410/16200/16000/15800 in short term.The minor support is around 16900 (100 day EMA)
    
• Short term trend reversal  can be seen only below 15000.

It is good to buy at dips around 16950-17000 with SL around 16670 for the TP of  17170/17525/17685