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14 Apr 2015
Nikkei muted on stronger yen
FXStreet (Mumbai) - The Japanese equities index opened on a negative note and remained subdued with the weak cues overnight from Wall Street and a stronger yen weighing on investors’’ sentiments.
The benchmark Nikkei 225 index trades flat at 19887.58, retreating from highs at 19922.50 levels. The index snapped initial losses and trades modestly flat despite as traders continue to monitor stronger yen which weighs on export-oriented stocks, keeping the index mildly in red.
The index trades with a positive market breadth, the advance-decline ratio being 129:90. Sharp Corp is the top gainer; up 5.60%, followed by Toyobo rallying 4.24%. Among the top losers, Kikkoman Corp is down–2.48%. While Mitsumi Electric is down –2.24%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19900k. Meanwhile, support is seen at 19700 levels and from here to 19550 levels.
The benchmark Nikkei 225 index trades flat at 19887.58, retreating from highs at 19922.50 levels. The index snapped initial losses and trades modestly flat despite as traders continue to monitor stronger yen which weighs on export-oriented stocks, keeping the index mildly in red.
The index trades with a positive market breadth, the advance-decline ratio being 129:90. Sharp Corp is the top gainer; up 5.60%, followed by Toyobo rallying 4.24%. Among the top losers, Kikkoman Corp is down–2.48%. While Mitsumi Electric is down –2.24%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19900k. Meanwhile, support is seen at 19700 levels and from here to 19550 levels.