20 Mar 2015
Nikkei inches towards fresh 15-yr highs
FXStreet (Mumbai) - The Japanese equities index opened on a flat note tracking the mixed cues overnight from Wall Street following the Fed-inspired rally seen in the previous session.
The benchmark Nikkei 225 index remains flat at 19487.94 levels, retreating from fresh session highs of 19494.22. The index remained mostly subdued as calmness prevailed in Asian trading following massive volatility on Wednesday's FOMC statement.
The index trades with a negative market breadth, the advance-decline ratio being 75:141. Yahoo Japan Corp is the top gainer rallying 5.83%, Toshiba Corp is up 4.20%. Among the top losers, Mitsubishi Materials is down -2.93%. While Nisshin Seifun Group is lower nearly -2.5%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19557.17. Meanwhile, support is seen at 19300 levels and from here to 19220 levels.
The benchmark Nikkei 225 index remains flat at 19487.94 levels, retreating from fresh session highs of 19494.22. The index remained mostly subdued as calmness prevailed in Asian trading following massive volatility on Wednesday's FOMC statement.
The index trades with a negative market breadth, the advance-decline ratio being 75:141. Yahoo Japan Corp is the top gainer rallying 5.83%, Toshiba Corp is up 4.20%. Among the top losers, Mitsubishi Materials is down -2.93%. While Nisshin Seifun Group is lower nearly -2.5%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19557.17. Meanwhile, support is seen at 19300 levels and from here to 19220 levels.