Nikkie225 faces strong support at 14770, good to buy at dips
Major support – 14770 (Feb 2nd 2016)
Major Intraday resistance- 15765 (200 H MA)
Nikkei225 has slightly recovered after making a low of 14990. It is currently trading around 15250.
The index is trading well above hourly Tenken-Sen and Kijun-Sen. So a slight jump till 15500/15750 is possible.
On the lower side immediate support is around 14770 (Feb 2016 low) and any break below targets 14250/13800/13300/12800.
The Nikkei225 is facing resistance around 15315 (50 HMA) and any break above targets 15500/15765.
It is good to buy at dips around 15100 with SL around 14770 for the TP of 15490/15750n
Major Intraday resistance- 15765 (200 H MA)
Nikkei225 has slightly recovered after making a low of 14990. It is currently trading around 15250.
The index is trading well above hourly Tenken-Sen and Kijun-Sen. So a slight jump till 15500/15750 is possible.
On the lower side immediate support is around 14770 (Feb 2016 low) and any break below targets 14250/13800/13300/12800.
The Nikkei225 is facing resistance around 15315 (50 HMA) and any break above targets 15500/15765.
It is good to buy at dips around 15100 with SL around 14770 for the TP of 15490/15750n