12 May 2015
Nikkei drops amid data-thin day
FXStreet (Mumbai) - The Japanese equities index opened on softer note following the weak cues overnight from Wall Street amid lack of fresh triggers in form of major economic data from the region to improve investor sentiment.
The benchmark Nikkei 225 index trades lower by -0.48% at 19527.63, drifting from fresh session highs previously posted at 19618.31 levels. The Japanese stocks ticked down, despite weaker yen as markets are left unimpressed amid a data-dry trading session.
The index trades with a negative market breadth, the advance-decline ratio being 67:149. COMSYS Holdings edges 2.22% higher, followed by Maruha Nichiro up nearly 0.62%. Among the top losers, Shimizu Corp is down -0.48%. While Sekisui House is down –0.37%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19700. Meanwhile, support is seen at 19400 levels and from here to 19250 levels.
The benchmark Nikkei 225 index trades lower by -0.48% at 19527.63, drifting from fresh session highs previously posted at 19618.31 levels. The Japanese stocks ticked down, despite weaker yen as markets are left unimpressed amid a data-dry trading session.
The index trades with a negative market breadth, the advance-decline ratio being 67:149. COMSYS Holdings edges 2.22% higher, followed by Maruha Nichiro up nearly 0.62%. Among the top losers, Shimizu Corp is down -0.48%. While Sekisui House is down –0.37%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19700. Meanwhile, support is seen at 19400 levels and from here to 19250 levels.