Considering the retracement zones, a bearish grip could pull the Nikkei to near 18k price points. The Yen is losing it's haven-like reputation with Japan's national debt on the rise at almost 2.5x of GDP.
Wow its like 1990s again in Nikkei…Most overbought in 31 yrs..16% up in last 2 months.Not a single down day in last 21 days….
Rectangle breakout on its monthly chart….A throwback to 20,000 possible with upside target of 32500… may just fall short of 35000 of 1990s
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATONAL PURPOSES. NON ADVISORY, ...
Nikkei broke the trendline today and closed around 16250. will it retrace again back to the trend line where fibbo of 78.6 lies. 16900-17110 can be a good zone to short. can long till 16900 with sl of 16050.
The Nikkei 225, commonly referred to as "The Nikkei" is a Japanese stock market index based on the market capitalization of the top 225 companies traded on the Tokyo Stock Exchange (TSE). This is a price-weighted index based on the Yen, and the value has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since the Index's inception in 1950. The Nikkei 225 index got its start on September 7, 1950 and was retroactively calculated back to May 16, 1949. Nikkei 225 Futures Contracts got their start on the Singapore Exchange (SGX) in 1986 and then began trading in the United States when they debuted on the Chicago Mercantile Exchange (CME) in 1990. The Nikkei is the most widely quoted index when referring to Japanese equities, followed by the Topix which seeks to track all 1,669 companies listed on the first section of the Tokyo Stock Exchange (TSE).
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TVC:NI225
