17 Mar 2015
Nikkei sits at fresh 15-yr peak above 19400
FXStreet (Mumbai) - The Japanese equities index extends its upward trajectory and sits at fresh fifteen year highs tracking the overnight gains on Wall Street. Moreover, BOJ’s status quo also kept the gains in the index intact.
The benchmark Nikkei 225 index 1.11% higher at 19460 levels, retreating from fifteen year highs of 19479.89. The index kept gains as expectations that Federal Reserve will raise interest rates sooner than currently anticipated eased on weaker than expected US economic data released overnight. Moreover, muted yen across the board also supported the upside in the index.
The index trades with a positive market breadth, the advance-decline ratio being 149:59. TDK Corp is the top gainer rallying 7.13%, Minebea Co is up 5.53%. Among the top losers, Yokogawa Electric is down -2.65%. While, JFE Holidngs is lower nearly 2.50%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19479.89. Meanwhile, support is seen at 19300 levels and from here to 19220 levels.
The benchmark Nikkei 225 index 1.11% higher at 19460 levels, retreating from fifteen year highs of 19479.89. The index kept gains as expectations that Federal Reserve will raise interest rates sooner than currently anticipated eased on weaker than expected US economic data released overnight. Moreover, muted yen across the board also supported the upside in the index.
The index trades with a positive market breadth, the advance-decline ratio being 149:59. TDK Corp is the top gainer rallying 7.13%, Minebea Co is up 5.53%. Among the top losers, Yokogawa Electric is down -2.65%. While, JFE Holidngs is lower nearly 2.50%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19479.89. Meanwhile, support is seen at 19300 levels and from here to 19220 levels.