- Major support -14770 (Feb 2nd 2016)
- Major Intraday resistance- 15500 (200 H EMA)
- Nikkei225 recovers sharply till 15408 at the time of writing after making a low of 15101.It is currently trading around 15315.
- The intraday trend is weak as long as resistance 15500 (200 HMA) holds.
- On the lower side immediate support is around 15180 (61.8% retracement of 14823 and 15795) and any break below targets 15000/14823(Jun 24th low).
- The Nikkei225 is facing resistance around 15500 (200 HMA) and any break above targets 15800/16000.
It is good to sell on rallies around 15350-380 with SL around 15600 for the TP of 15000/14850
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