23 Feb 2015
Nikkei retreats from fresh 15-year highs
FXStreet (Mumbai) - The Japanese equities index opened with a sharp positive gap of 167 points and jumped to fresh fifteen highs in the opening hours with the gains on Wall Street and news that Greece reached a deal with euro zone creditors to extend its bailout agreements lifting sentiment.
The benchmark Nikkei 225 index trades higher by 0.54% at 18429.98 levels, retreating from multi-year highs posted at 18509.08levels earlier in the session. The index, however, trimmed gains and moved away from highs as traders remain cautious Greece is due to submit a letter today outlining the measures it plans to take to fix its current crisis.
The index trades with a positive market breadth, the advance-decline ratio being 161:55. Casio Computer is the top gainer rallying 5.74%, Sumco Corp is up 4.09% Among the top losers, Inpex Corp is declining -3.35%, T&D Holdings Inc is down –2.65%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18509. Meanwhile, support is seen at 18332 levels and from here to 18264 levels.
The benchmark Nikkei 225 index trades higher by 0.54% at 18429.98 levels, retreating from multi-year highs posted at 18509.08levels earlier in the session. The index, however, trimmed gains and moved away from highs as traders remain cautious Greece is due to submit a letter today outlining the measures it plans to take to fix its current crisis.
The index trades with a positive market breadth, the advance-decline ratio being 161:55. Casio Computer is the top gainer rallying 5.74%, Sumco Corp is up 4.09% Among the top losers, Inpex Corp is declining -3.35%, T&D Holdings Inc is down –2.65%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18509. Meanwhile, support is seen at 18332 levels and from here to 18264 levels.