Nikkei this week closed with loss at 16600. This was second weekly loss for this major index. In these 2 weeks Nikkei lost almost 1000 points from top. For next week, Nikkei outlook is bearish and expect much lower levels here if Nikkei breaks 16400 level. My first target was 16400 which is already achieved this week with low of 16322. Below 16400 next target will be 15550 means almost 900 points downside from 16400 level. On weekly chart technical pattern are scary and Nikkei might show 14400 bottom in medium terms.traders below 16820 keep bearish or sell on rise view on Nikkei for targets 16400 and 15550.