Since highs of 20955- It has fallen sharply to 16900's & rallied upside in wave-2 @20015 highs -which is critical level for Nikkei & it should not cross above 20015 mark for current structure which is opening up in the Nikkei.
Currently it formed another wave-((i)) & running into wave-((ii)) which has some room for upside but likely it should not move above 20015 marks.
Going close to 19500-19750 with critical stops above 20015 or moving below 17600 -we shall look for big structure in the Nikkei--heading into year 2017-2019
1000 points jumped as expected -20015 is the crucial level holding that on top & going below 19000 shall be the first clue that the Nikkei has started its biggest fall post Santa Season 2016
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ