Nikkiei225 faces strong resistance at 17300,good to buy at dips
Major resistance - 17000 The index has slightly declined after making a high of 17146 It is currently trading around 16336.Short term trend is slightly bullish as long as support 16500 (55 day 4H EMA) holds. The index ma…
The index has slightly declined after making a high of 17146 It is currently trading around 16336.Short term trend is slightly bullish as long as support 16500 (55 day 4H EMA) holds.
The index major resistance is around 17300 and any break above will take the index to next level 17600/17878 (29th Jan 2016)
On the lower side major support is around 16500 and break below will drag the index down till 16200(Daily Kijun-Sen)/16000/15800 (cloud top) in short term.
Short term weakness can be seen only below 15000.
It is good to buy at dips around 16700 with SL around 16500 for the TP of 17000/17260.
