NIKKEI future weekly technical analysis for 28 march to 1 april 2016
Nikkei index this week closed with gain. Weekly price trend is down but momentum is strong bullish and recovery rally continues. Nikkei after last 2 weeks profit booking sees some buying hence positive closing. My target is at 17650 and we saw high up to 17300 and then correction and consolidation. On downside 16250 is major support and above it keep buy and accumulate view or bullish view for Nikkeiwith price target 17650. Above 17650, next major resistance as well as target will be at 19k.