2016.11.0622:02:00UTC+00Fxwirepro: Nikkei225 opened up on Fbi Clean Chit to Clinton, Good to Sell on Rallies

• Major support - 16800
   
• Nikkei225 showed a gap up opening today morning after FBI gives clean chit to Hillary Clinton . The index rose 1.7% to 17184 at the time of writing from the low of 16804, the lowest till Oct 17th.  
   
• Technically index has slightly recovered after declining til 16804 at the time of writing .But short term trend is still weak as long as resistance 17290 holds.
   
• On the higher side, major resistance is around 17250 and any break above targets  17500/17695.
   
• The index immediate support is at 16800 and any break below will drag the index down till 16500/16200 in the short term.

It is good to sell on rallies around 17150  with SL 17300 for the TP of 16870/16520.