Nikkei225 trades well below 16000,targets 15500

• Major support - 15800 ( 26 Apr low )
   
• Minor resistance - 16040 (H Kijun-Sen)
   
• Nikkei Index has broken major support 15800  ad declined till 15752 at the time of writing on account of Brexit and Fed policy meeting.  It is currently around 15780.
   
• Short term trend is  slightly weak as long as resistance 16325 (90 H EMA) holds.
   
• Any break below major support 15800 will drag the index till 15500/15300 in the short term.Overall trend reversal is at 15470 (200 W MA) and any break below targets 15000.
   
• The index major resistance is around 16325 (90 H EMA) and any break above 16325 will take the index to next level 16550(200 H MA)/16800. The minor resistance is around 16050/16200.

  
It is good to sell on rallies around 1615-170 with SL around 16325 for the TP of 15800/15500