27 Jan 2015
Nikkei reaches fresh monthly highs, gains 1.50%
FXStreet (Mumbai) - The Japanese equities index rebounded with a positive opening gap of about 180 points, tracking the overnight gains from Wall Street and jumped to fresh one-month highs on risk on moods.
The benchmark Nikkei 225 index traded 1.51% higher at 17732.48 levels, close to fresh one-month highs at 17764.42s posted some minutes ago. The index rallied today on renewed optimism as traders moved past Greek political concerns and now await the FOMC statement - due late on Wednesday - will offer 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 203:16. Among the other major gainers, Meiji Holdings leads the index, gaining 5.89%. Kyowa Hakko Kirin Co is higher by 5.73%, while JFE Holdings is advancing 5.54%. Sumco Corp is the top loser, down -3.01%. JGC Corp and Mitsui & Co lost -1.06% to 2.94%.
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 1.51% higher at 17732.48 levels, close to fresh one-month highs at 17764.42s posted some minutes ago. The index rallied today on renewed optimism as traders moved past Greek political concerns and now await the FOMC statement - due late on Wednesday - will offer 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 203:16. Among the other major gainers, Meiji Holdings leads the index, gaining 5.89%. Kyowa Hakko Kirin Co is higher by 5.73%, while JFE Holdings is advancing 5.54%. Sumco Corp is the top loser, down -3.01%. JGC Corp and Mitsui & Co lost -1.06% to 2.94%.
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.