Nikkei looking for a temporary move lower?NIK225 - 24h expiry - We look to Buy at 27855 (stop at 27635)
We are trading at overbought extremes.
A lower correction is expected.
The bias is still for higher levels and we look for any dips to be limited.
The hourly chart technicals suggests further downside before the uptrend returns.
Further upside is expected although we prefer to buy into dips close to the 27855 level.
Our profit targets will be 28495 and 28595
Resistance: 28505 / 29295 / 29710
Support: 27880 / 27395 / 27050
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