22 Jan 2015
Nikkei flat ahead of ECB decision
FXStreet (Mumbai) - The Japanese equities index opened higher today following a positive close in US markets overnight and a relatively weaker yen. However, the index gave back gains and trades flat ahead of European Central Bank (ECB) monetary policy announcement later in the day.
The benchmark Nikkei 225 index traded flat at 17270.05 levels, retreating from day’s high of 17355.74. The index edged lower as markets remains jittery following speculation of additional stimulus measures from the European Central Bank later in the day.
The index breadth traded negative with an advance-decline ratio of 78:139. Among the major gainers, Sumco Corp led the index up by 3.14% followed by Softbank Corp which gained 2.81% and Tokyo Electron Ltd moved up 2.65%. Fukuoka Financial Group Inc was the top loser, down -4.27%. Kansai Electric Power and Mitsumi Electrical lost over 2.7% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17366 above which gains could be extended to 17540 levels. Meanwhile, support is seen at 17100 levels and from here to 16883 levels.
The benchmark Nikkei 225 index traded flat at 17270.05 levels, retreating from day’s high of 17355.74. The index edged lower as markets remains jittery following speculation of additional stimulus measures from the European Central Bank later in the day.
The index breadth traded negative with an advance-decline ratio of 78:139. Among the major gainers, Sumco Corp led the index up by 3.14% followed by Softbank Corp which gained 2.81% and Tokyo Electron Ltd moved up 2.65%. Fukuoka Financial Group Inc was the top loser, down -4.27%. Kansai Electric Power and Mitsumi Electrical lost over 2.7% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17366 above which gains could be extended to 17540 levels. Meanwhile, support is seen at 17100 levels and from here to 16883 levels.