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Long

Nikkei225 faces strong support around 15500, good to buy at dips

FX:JPN225   Nikkei 225 index of Japanese listed shares
131 0 3
Major Support - 15500

The index has made a low of 15533 and started to recover from that level. It  is currently  trading around 15812.Intra day trend is slighty bullish as long as support 15500 holds .

Any break below 15500 confirms minor weakness and decline till 15000/14750 is possible in short term.On the higher side minor resistance is around 15910 and break above targets 16300/16500.

The index major resistance is around 16450 and break above targets 16800/17000/17300.

Short term bearish invalidation only above 17300.

 It is good to buy at dips around 15700 with SL around 15500 for the TP of 16000/16300
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