Nikkei 225 Daily Forecast Nov 11 2014

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Outlook in Nikkei 225  index remains on the upside as long as support 16410 holds on a daily closing basis , resistance comes at the 17430 levels , a halt is likely , but a break would open 17760 next , further upside will aim the 17975/18660 levels..

On the downside , support comes at the 16410 levels , losing this level will turn outlook neutral for retesting the 15430/15230  levels before the next rise…

In all, as long as support 16410  holds on a daily closing basis , outlook in Nikkei 225  index remains on the upside towards the 17430 levels ahead of the 17760/17975 levels, below the 16410 will bring a corrective pullback towards the 15430/15230  levels before the next rise.

 

Nikkei 225 Daily Forecast Nov 11 2014

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