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Nikkei ends the day higher

FXStreet (Mumbai) - The Japanese equities inched higher today, taking cues from the rise of the US Equities last Friday.

The Nikkei climbed 97.08 points; 0.63%; to close at 15,388.72 levels. The index breadth was positive with an advance decline ratio of 191:22. Moreover, the index heavyweights including the mobile carrier, Softbank, pushed the index higher. Fujifilm, which has developed a drug to treat Ebola, surged 2.89% as the Ebola outbreak continues. Meanwhile, electricity stocks like Tokyo electric and Chubu electric rose 16.52% and 3.47% respectively. On the other hand, robot maker, Fanuc corporation fell 4.3% on profit booking after the company reported a record operating profit for April-September quarter last Friday.

However, the gains were halted after a modest strengthening of the Yen against the US Dollars. The investors will also remain cautious ahead of the result of the Federal Reserve (Fed) policy meet scheduled this Wednesday.

Nikkei Technical levels

The Nikkei has an immediate support at 15,356, below which the index can fall to 15,232 levels. On the other hand, prices may extend gains to 15,628 levels if the immediate resistance at 15,463 is breached.

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