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Nikkei 225 futures are currently trading at 23382.5-lower by 0.30% as compared to the previous closing. The contract closed in the negative territory in the last trading session also.
In the Cash Markets, the Nikkei 225 lost 0.09% to close at 23,410 on Tuesday, Due to the losses in the Paper & Pulp, Railway & bus sector.
Japanese market inched down on Tuesday as investors worried over a December 15 deadline for the next round of U.S tariffs on Chinese imports. The investors also awaiting for the UK election on Thursday, and central bank meetings
On the data front, Japanese Machine Tool Order (YoY) released earlier today for the November month came in at -37.9%.
The Japanese Consumer Price index for the November jumped 4.5% (YoY) as food prices raised by 19.1% due to the outbreak of African swine fever
Daiichi Sankyo Co. Ltd. and Taiyo Yuden Co. Ltd was the best performer of the day. Each rose 3.67 and 3.49% respectively.
Tokuyama Corp and Yamato Holdings Co. Ltd was the worst performer of the day. Each fell 4.39% and 3.32% respectively.
Advancing stocks were outnumbered by falling stocks by 1730 to 1730 and 285 remained unchanged on the Tokyo Exchange.
The volatile index of Nikkei 225 remained unchanged 0.00% to 15.70
Taiyo Yuden Co. Ltd hits 52-high, rising 3.49%
On the technical front, the market is moving above 13 and 26-day exponential moving averages. The MACD indicates decrease in the bullish sentiments in the market. The stochastic had a downside crossover at 64% and suggests the market will move on negative side.
Overall Bias is Negative and short-term trades can be initiated with below mentioned Stop Loss and Profit targets.
TRADE SUGGESTION- SELL@ 23425, STOPLOSS@ 23475, TARGET@ 23325