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1 Jul 2015
Nikkei extends gains for 2nd straight session
FXStreet (Mumbai) - The Japanese equities index snapped its losing streak and edged higher today tracking positive lead from Wall Street overnight as traders remained unperturbed by Greece headline revealing that Greece missed its payment deadline to IMF on Tuesday evening.
Currently, the benchmark Nikkei 225 index trades 0.35%% higher at fresh session highs of 20305.69. The Japanese stocks held onto gains as markets cheered the Bank of Japan's better-than-expected Tankan business survey results. However, the upside remained capped on a slightly stronger yen and as traders weigh aftermath of Greek default heading into Sunday’s referendum.
The Nikkei 225 index trades with a positive market breadth with the advance decline ratio of 115:97. Shiseido Co is the top gainer, up over 7.50%, followed by Chiyoda Corp up 5.72%. The top loser so far is Suzuki Motors, down -3.17%, followed by Sumitomo Heavy Industries which is losing -2.94%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20400. Meanwhile, support is seen at 20225 levels and from here to 20016 levels.
Currently, the benchmark Nikkei 225 index trades 0.35%% higher at fresh session highs of 20305.69. The Japanese stocks held onto gains as markets cheered the Bank of Japan's better-than-expected Tankan business survey results. However, the upside remained capped on a slightly stronger yen and as traders weigh aftermath of Greek default heading into Sunday’s referendum.
The Nikkei 225 index trades with a positive market breadth with the advance decline ratio of 115:97. Shiseido Co is the top gainer, up over 7.50%, followed by Chiyoda Corp up 5.72%. The top loser so far is Suzuki Motors, down -3.17%, followed by Sumitomo Heavy Industries which is losing -2.94%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20400. Meanwhile, support is seen at 20225 levels and from here to 20016 levels.