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2 Mar 2015
Nikkei bounces in an attempt to 19k mark
FXStreet (Mumbai) - The Japanese equities index opened higher with a positive gap of 72 points and posted fresh fifteen year highs following news over the weekend that China was increasing stimulus measures boosting sentiment.
The benchmark Nikkei 225 index trades 0.18% higher at 18831.49 levels, retreating from fresh multi-year highs of 18939.17. The index trimmed early gains and moved away from fresh fifteen year highs, despite a weaker yen boosting exporters' stocks.
The index trades with a positive market breadth, the advance-decline ratio being 116:98. Sekisui House Ltd is the top gainer rallying 3.13%, Nippon Telegraph is up 2.92%. Among the top losers, Taisei Corp is declining -3.60%, followed by Kuraray Co Ltd which is down –2.92%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18939.17. Meanwhile, support is seen at 18700 levels and from here to 18587 levels.
The benchmark Nikkei 225 index trades 0.18% higher at 18831.49 levels, retreating from fresh multi-year highs of 18939.17. The index trimmed early gains and moved away from fresh fifteen year highs, despite a weaker yen boosting exporters' stocks.
The index trades with a positive market breadth, the advance-decline ratio being 116:98. Sekisui House Ltd is the top gainer rallying 3.13%, Nippon Telegraph is up 2.92%. Among the top losers, Taisei Corp is declining -3.60%, followed by Kuraray Co Ltd which is down –2.92%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18939.17. Meanwhile, support is seen at 18700 levels and from here to 18587 levels.