Nikkei 225 index December 2016 outlook
Nikkei 225 index on last trading session closed at 18426 with flat loss.For month of December 2016, remain bullish and above 17640 support strategy remain buy on dips. On upside 19170 and 20000 are Nikkei monthly target zones. closing below 17640 pivot support means downtrend and fresh sell signal for futures. On downside 16800 and 15300 are support zones as well as targets if downtrend start. From long term view, Nikkei future hit recovery phase target of 18800 and now watch for breakout above this level for target 21000.