nikkei index forecast-heading towards 16800

nikkei index forecast may 2013

nikkei 225 index today closed at 15627 with gains of 246 points or 1.6%.on daily chart we can see after BOJ twisting effect market set on bull run.and every day inching higher and only taking intermittent support of week average only.in last 25 weeks time frame nikkei 225 index from 9300 to now 15600 almost doubled and in upcoming time rally will get intense on sharp short covering and furious speculative demand pressure.

for month of may 2013,15400 is support for now and on upside till end of this month expect 16800 as next target zone which is 1200+ points long from current level.below 16400 must exit short term long positions as consolidation/correction phase will trigger here.

nikkei 225 index  on yearly chart from 1984 to may 2013 showing channel breakout and heading towards 25k levels which are 1989-1990 highs of this Japanese index.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.