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Long

Nikkei breaks major resistance 18500, targets 19150

INDEX:NKY   Nikkei 225 Index
99 0 5
Potential Reversal Zone (PRZ)- 18500

The index has broken major resistance 18500 which confirms short term bullishness , a jump till 18750/19150 is possible . Any close above 19200 confirms further bullishness and above this level it can reach till 19400.

On the downside major trend line support is around 17900 ( trend line joining 16900 and 17750) and break below will drag the index till 17380/17190/16900.
The minor support is around 18180

It is good to buy at dips around 18450-500 with SL around 18180 for the TP of 19150.
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