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26 Jan 2015
Nikkei subdued on Greece woes after Syriza victory
FXStreet (Mumbai) - The Japanese equities index retreated from one-month highs and remained subdued amid fears of a possible exit of Greece from the euro zone, after the anti-austerity Syriza party emerged victorious in the Greek snap elections.
The benchmark Nikkei 225 index traded -0.35% lower at 17451.11 levels, close to fresh daily highs at 17471.94 posted few minutes ago. The index edged lower today after opening with a negative gap following negative close on Wall Street last Friday and on a stronger yen.
The index breadth traded negative with an advance-decline ratio of 66:151. Among the other major gainers, Sumco Corp led the index, gaining 5.41%. Meiji Holdings is higher by 3.34%, Hokuetsu Kishu Paper is gaining more than 3%, while Nisshin Steel is advancing 2.6%. Tokai Carbon Co Ltd was the top loser, down -5.34%. Mazda Motor Corp and Mitsubishi Motors lost over 3.6% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17532 above which gains could be extended to 17713 levels. Meanwhile, support is seen at 17230 levels and from here to 17k levels.
The benchmark Nikkei 225 index traded -0.35% lower at 17451.11 levels, close to fresh daily highs at 17471.94 posted few minutes ago. The index edged lower today after opening with a negative gap following negative close on Wall Street last Friday and on a stronger yen.
The index breadth traded negative with an advance-decline ratio of 66:151. Among the other major gainers, Sumco Corp led the index, gaining 5.41%. Meiji Holdings is higher by 3.34%, Hokuetsu Kishu Paper is gaining more than 3%, while Nisshin Steel is advancing 2.6%. Tokai Carbon Co Ltd was the top loser, down -5.34%. Mazda Motor Corp and Mitsubishi Motors lost over 3.6% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17532 above which gains could be extended to 17713 levels. Meanwhile, support is seen at 17230 levels and from here to 17k levels.