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Given below is the monthly chart of Nikkei225 for the month of June 2009. So far it has recovered only 28% from its January low of 7000. It is not a great achievement in comparison to its other asian peers.
Chart: Quote.com
Two red horizontal lines given at 8957 and 11312 respectively are the two levels [...]
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Although this index breahced our given mark 9722 on intraday basis only, it managed to give the weekly closing above that mark. But its closing is not too far above this short term support level of 9722. Short term traders should remain vigilant.
On the weekly chart also there is some bearish engulfing pattern visible. This [...]
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