25 Mar 2015
Nikkei muted amid a quiet Asia
FXStreet (Mumbai) - The Japanese equities index erases all losses and trades steady towards Asia close, exhibiting mixed trend following mixed leads from a lower closing overnight on Wall Street amid renewed concerns about the outlook for interest rates and a positive close in the euro zone.
The benchmark Nikkei 225 index trades flat at 19700.25 levels, retreating from day’s highs of 19775.45 reached in early trades. The index remained subdued as there was little movement in the markets amid a data light Asian session and also on a relatively stronger yen.
The index trades with a negative market breadth, the advance-decline ratio being 98:117. Sojitz Corp is the top gainer today, gaining 5.05%, followed by Kajima Corp is up 4.56%. Among the top losers, Eisai Corp is down -5.95% largely on profit-taking after the recent rally. While, Dowa Holdings is lower nearly 3.60%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19775.45. Meanwhile, support is seen at 19584 levels and from here to 19416 levels.
The benchmark Nikkei 225 index trades flat at 19700.25 levels, retreating from day’s highs of 19775.45 reached in early trades. The index remained subdued as there was little movement in the markets amid a data light Asian session and also on a relatively stronger yen.
The index trades with a negative market breadth, the advance-decline ratio being 98:117. Sojitz Corp is the top gainer today, gaining 5.05%, followed by Kajima Corp is up 4.56%. Among the top losers, Eisai Corp is down -5.95% largely on profit-taking after the recent rally. While, Dowa Holdings is lower nearly 3.60%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19775.45. Meanwhile, support is seen at 19584 levels and from here to 19416 levels.