8 May 2015
Nikkei lifted ahead of NFP
FXStreet (Mumbai) - The Japanese equities index firmed today, with a positive gap of 60 points at open, tracking the positive lead overnight from Wall Street as markets cheered upbeat jobless claims form the US last session ahead of the crucial Non-farm payrolls data due later in the day.
The benchmark Nikkei 225 index trades higher by 0.31% at 19350.94, retreating from fresh session highs at 19383.25 levels. The Japanese stocks rebounded today as investors indulged in bargain hunting, though the gains in most of the markets are modest amid caution before NFP figures.
The index trades with a positive market breadth, the advance-decline ratio being 139:77. Maruha Nichiro Corp edges 7.64% higher, followed by Sojitz Corp up nearly 7%. Among the top losers, Inpex Corp is down -2.58%. While Kajima Corp is down –2%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19500. Meanwhile, support is seen at 19200 levels and from here to 19050 levels.
The benchmark Nikkei 225 index trades higher by 0.31% at 19350.94, retreating from fresh session highs at 19383.25 levels. The Japanese stocks rebounded today as investors indulged in bargain hunting, though the gains in most of the markets are modest amid caution before NFP figures.
The index trades with a positive market breadth, the advance-decline ratio being 139:77. Maruha Nichiro Corp edges 7.64% higher, followed by Sojitz Corp up nearly 7%. Among the top losers, Inpex Corp is down -2.58%. While Kajima Corp is down –2%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19500. Meanwhile, support is seen at 19200 levels and from here to 19050 levels.