• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed

NIKKEI 225 FALLS BELOW MA50 ON ESCALATING U.S.-IRAN TENSIONS - Capital Street FX

    • Home
    • News
    • NIKKEI 225 FALLS BELOW MA50 ON ESCALATING U.S.-IRAN TENSIONS
06-Jan
19:05 IST

Nikkei 225 futures are currently trading at 23125-lower by 0.81% 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 declined 1.91% to close at 23,204.86 on Monday. The Japanese markets were closed from Tuesday to Friday last week.

The broad-market index dropped to its lowest level since 4th December as selloff gripped the market on fears of a rise in U.S-Iran tensions.

The Japanese stock index also broke its two-major support levels-MA25 and MA50 today.

The U.S. President threatened a major retaliation against Iran over the weekend if the country strikes back for the killing of one of its senior military officials.

The broader Topix fell 1.39% to close at 1,697.49 on Monday. It was the benchmark’s lowest close since November.

Both indexes Topix and Nikkei 225 posted their biggest decline in three months, with 1,835 out of 2,161 listed shares on the main board closed lower today.

Fears about a further rise in the Middle East Tensions caused airlines and shippers to end in negative territory.

Exporters underperformed today due to a rise in the Yen. Toyota Motor lost 1.93%, while Honda Motor plunged 2.97%.

Stocks of Nissan Motor dropped to its eight-year low today.

Top percentage losers in the index include- Unitika Ltd (plunged 4.5%), Kikkoman Corp (fell 4.3%) and Nippon Light Metal Holdings Co Ltd. (declined 4.2%).

On the other hand, a jump in oil prices lifted stocks of oil companies. JXTG and Inpex corp. rose 3.4% and 4.09% respectively today.

On the technical front, the RSI is currently at 36.47% and suggests that the market can move in the downward direction. The current price is below the MA5. The %K has crossed the %D from above to the downside at around 27% and suggests that the market can move in the downward direction.

Overall Bias is Negative and short-term trades can be initiated with below mentioned Stop Loss and Profit targets.

 

Trade Suggestion- Limit Sell At 23145 Take Profit At 23015 Stop Loss At 23205

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Hi Please share contact detail & write any comments below, our team will try to call soon.