30 Mar 2015
Nikkei settled higher, shrugged off weak Japan data
FXStreet (Mumbai) - The Japanese equities index opened the week on a softer tone after US markets closed deep in the red on Friday, with some lacklustre economic data and further declines in commodity prices weighing on investor sentiment. However, the index recovered losses and closed higher on the day with investors turning focus on a slew of US data ahead.
The benchmark Nikkei 225 index ended higher by 0.65% at 19411.40 levels, having recent posted fresh session highs at 19474.07. The index rebounded and ended higher on profit taking after a negative start.
The index traded with a positive market breadth, the advance-decline ratio being 118:98. Kikkoman Corp was the top gainer today; gaining 5.37%, followed by Nippon Express which gained 4.12%. Among the top losers, Keisei Electric was down -3.56%. While, Marubeni Corp ended lower nearly 3.50%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19590. Meanwhile, support is seen at 19227 levels and from here to 19k levels.
The benchmark Nikkei 225 index ended higher by 0.65% at 19411.40 levels, having recent posted fresh session highs at 19474.07. The index rebounded and ended higher on profit taking after a negative start.
The index traded with a positive market breadth, the advance-decline ratio being 118:98. Kikkoman Corp was the top gainer today; gaining 5.37%, followed by Nippon Express which gained 4.12%. Among the top losers, Keisei Electric was down -3.56%. While, Marubeni Corp ended lower nearly 3.50%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19590. Meanwhile, support is seen at 19227 levels and from here to 19k levels.