Nikkei 225 Daily Forecast Sept 05 2014

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Outlook in Nikkei 225 index has turned neutral with risk to the upside , support comes at the 15680 levels while resistance comes at the 15835 levels.

On the the upside , a clear break above the 15835 levels is needed to resume the upside offensive , If seen , It will target the 16150 levels , a halt is likely , but a break will open 16560 next , further upside will aim the 17000 levels..

On the downside , minor support comes at the 15680 levels , sustained trading – daily closing – below this level would delay the bullish move for retesting the 15335/15295 levels before the next rise , however ; a clear break below the 15295 levels will bring a free fall towards the 14660 levels before the next move…

In all , the Nikkei 225 index is likely to consolidate within 15680/15835 levels , above the 15835 will pave the way towards the 16150/16560 levels while below the 15680 will pave the way towards the  15335/15295 levels before the next rise ,but  remember overall outlook remains bullish as long as 15335/15295 holds on a daily closing basis ….

 

Nikkei 225 Daily Forecast Sept 05 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

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