nikkei weekly-below 16580 stay short tgt 15550

NIKKEI weekly technical analysis 16 to 20 may 2016 NIKKEI weekly technical analysis 16 to 20 may 2016 Nikkei 225 index this week closed with gain. Last 2 weeks fall we saw some buying in this week.   But for next week, Nikkei future outlook still bearish and below 16580, index future will remain sell. On downside major support zones are 15550 and 14440 as well as tgt levels for month of May.   From long term view, Nikkei below 16800 will remain bearish or sell. My tgts are 15k and 12400.

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