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27 May 2015
Nikkei trades marginally lower, awaits Japanese data
FXStreet (Mumbai) - The Japanese equities index opened on a softer tone on Wednesday, however, recovered most losses and trades modestly flat following the negative cues overnight from Wall Street and as investors resorted to profit taking after eight straight days of gains.
Currently, the benchmark Nikkei 225 index trades almost flat at 20,425.15, recovering from session lows at 20,363.21. The Japanese stocks trades directionless awaiting fresh cues from a slew of Japanese monthly data due to be released later this week while markets remained little affected by a non-event BOJ minutes which reiterated that QQE will continue so long as 2% price target is achieved.
The index trades with a negative market breadth with the advance decline ratio of 96:121. Denki Kagaku is the top gainer, up nearly 5%, followed by Fuji Heavy Industries up 4.27%. The top loser so far is Toppan Printing, down -3.29%, followed by KDDI Corp which loses -2.35%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20500. Meanwhile, support is seen at 20200 levels and from here to 20k levels.
Currently, the benchmark Nikkei 225 index trades almost flat at 20,425.15, recovering from session lows at 20,363.21. The Japanese stocks trades directionless awaiting fresh cues from a slew of Japanese monthly data due to be released later this week while markets remained little affected by a non-event BOJ minutes which reiterated that QQE will continue so long as 2% price target is achieved.
The index trades with a negative market breadth with the advance decline ratio of 96:121. Denki Kagaku is the top gainer, up nearly 5%, followed by Fuji Heavy Industries up 4.27%. The top loser so far is Toppan Printing, down -3.29%, followed by KDDI Corp which loses -2.35%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20500. Meanwhile, support is seen at 20200 levels and from here to 20k levels.