• Major Support -16420 (90 day EMA) 
   
• Major Intraday resistance- 16850  
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• Nikkei225 has broken trend line resistance 16660   jumped till 16927 at the time of writing.It is currently trading around 16870.
   
• The index trades well above trend line resistance. So a jump till 17247 is possible.
   
• On the lower side immediate support is around 16574 (7 day EMA) and any break below targets 16420 (90 day EMA)/16230 (55 dy EMA).
   
• The Nikkei225 is facing resistance around 17000  and any break above targets 17250/17480. 
  
  It is good to buy on dips around 16600-650 with SL around 16400 for the TP of 17250/17480.