Nikkei225 faces resistance at 200HMA, good to buy at dips
Major Intraday support – 15250 (Hourly Kijun-Sen)
Major support -14770 (Feb 2nd 2016)
Major Intraday resistance- 15720 (200 H MA)
Nikkei225 has recovered till 15568 after making a low of 14990 on Monday. It is currently trading around 15510.
The index is trading slightly above psychological level 15500 (90 H EMA) and it should close above 15720 in hourly chart for further bullishness.
On the lower side immediate support is around 15250 (Hourly Kijun-Sen) and any break below targets 14990/147700.
The Nikkei225 is facing resistance around 15720 (200 HMA) and any break above targets 15900/16250.
It is good to buy at dips around 15400 with SL around 15250 for the TP of 15900/16250
Major support -14770 (Feb 2nd 2016)
Major Intraday resistance- 15720 (200 H MA)
Nikkei225 has recovered till 15568 after making a low of 14990 on Monday. It is currently trading around 15510.
The index is trading slightly above psychological level 15500 (90 H EMA) and it should close above 15720 in hourly chart for further bullishness.
On the lower side immediate support is around 15250 (Hourly Kijun-Sen) and any break below targets 14990/147700.
The Nikkei225 is facing resistance around 15720 (200 HMA) and any break above targets 15900/16250.
It is good to buy at dips around 15400 with SL around 15250 for the TP of 15900/16250