Market Analysis of JP225 on Friday 29 September 2023

2023-09-29 18:59Source:BtcDana

JP225 TECHNICAL ANALYSIS SHORT TERM VIEW     

 JP225 has strong support 30700 to 32000 levels as green box marked in graph .At top  level double zigzag correction or irregular correction formed so it can rise above  34500 level and overall stop loss for downtrend is 30500 .Trend is positive now so buying is better with stop loss 30500 expecting upside targets 32200,32300 and 32500 respectively for intraday purpose.

 QUICK FUNDAMENTAL LOOK                                                                     

Japan's retail sales in August struck 13.39 trillion yen, up 7% on year, and followed on the heels of a revised 7% on-year rise in July, reported the Ministry of Economy, Trade and Industry (METI) on Friday.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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