Nikkei 225 Daily Forecast Mar 14 2014


The Nikkei 225 index maintained a bearish momentum yesterday , topped at the 14930 levels and bottomed at the 14270 levels .This development leaves the index targeting the 13955 levels , a halt is likely , but losing the 13955 levels on a daily basis , would open 13555 next , more losses will pave the way towards the 13115 levels .

On the upside , a failure to hold below the 14720 levels could mean a return to the 14730 levels , break of 14730 would open main resistance at the 14930 levels .If this important resistance is taken out , expect the market to strengthen further towards the 15425 levels , more gains will open 15650/15940 levels.

In all , as long as resistance 14930 holds on a daily basis , the Japanese index will remain based to the downside in short term view towards the 13955 levels ahead of the 13555 levels , break pf 14930 would reverse risks towards the 15425 levels.



Nikkei 225 Daily Forecast Mar 14 2014