6 Mar 2015
Nikkei rebounds to fresh 15-year highs
FXStreet (Mumbai) - The Japanese equities index rebounded sharply, opening with a positive gap of 65 points and later hit fresh fifteen year highs following a modestly higher closing overnight on Wall Street amid positive reaction to news out of Europe.
The benchmark Nikkei 225 index rallies by 1.06% at 18948 levels, retreating from multi-year highs of 18979.64. The index extended its upsurge on the back of a relatively weaker yen in the lead up to the highly-anticipated US non-farm payrolls report.
The index trades with a positive market breadth, the advance-decline ratio being 166:49. Sumitomo Dainippon is the top gainer rallying 10.05%, UNY Group Holdings is up 9.76%. Among the top losers, Yahoo Japan Corp is down -3.57%. While, Sumitomo Metal Mining is lower by almost 3%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18979.64. Meanwhile, support is seen at 18800 levels and from here to 18714 levels.
The benchmark Nikkei 225 index rallies by 1.06% at 18948 levels, retreating from multi-year highs of 18979.64. The index extended its upsurge on the back of a relatively weaker yen in the lead up to the highly-anticipated US non-farm payrolls report.
The index trades with a positive market breadth, the advance-decline ratio being 166:49. Sumitomo Dainippon is the top gainer rallying 10.05%, UNY Group Holdings is up 9.76%. Among the top losers, Yahoo Japan Corp is down -3.57%. While, Sumitomo Metal Mining is lower by almost 3%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18979.64. Meanwhile, support is seen at 18800 levels and from here to 18714 levels.