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28 Jan 2015
Nikkei at fresh 1-Month Highs, Sharp Corp up 6.19%
FXStreet (Mumbai) - The Japanese equities index rebounded to post fresh daily highs after dipping below 17k as a stronger yen and negative close on Wall Street overnight weighed on the stocks.
The benchmark Nikkei 225 index traded 0.39% higher at 17838 levels, close to fresh one-month highs at 17846.10 posted few minutes ago. The index rebounded as traders now await the FOMC statement - due late on Wednesday – which may provide fresh clues as to when the Federal Reserve (Fed) is considering its first interest rate hike.
The index breadth traded positive with an advance-decline ratio of 129:89. Among the other major gainers, Sharp Corp leads the index, gaining 6.19%. Yamato Holdings is higher by 4.56%, while Sumitomo Chemicals is advancing 4%. SCREEN Holdings is the top loser, down -4.46%. Matsui Securities and Sumco Corp are losing over 3.2% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17914 above which gains could be extended to 18030 levels. Meanwhile, support is seen at 17600 levels and from here to 17450 levels.
The benchmark Nikkei 225 index traded 0.39% higher at 17838 levels, close to fresh one-month highs at 17846.10 posted few minutes ago. The index rebounded as traders now await the FOMC statement - due late on Wednesday – which may provide fresh clues as to when the Federal Reserve (Fed) is considering its first interest rate hike.
The index breadth traded positive with an advance-decline ratio of 129:89. Among the other major gainers, Sharp Corp leads the index, gaining 6.19%. Yamato Holdings is higher by 4.56%, while Sumitomo Chemicals is advancing 4%. SCREEN Holdings is the top loser, down -4.46%. Matsui Securities and Sumco Corp are losing over 3.2% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17914 above which gains could be extended to 18030 levels. Meanwhile, support is seen at 17600 levels and from here to 17450 levels.