Nikkei 225 may rise to 39100 - 41000

Pivot

35800

Our preference

Long positions above 35800 with targets at 39100 & 41000 in extension.

Alternative scenario

Below 35800 look for further downside with 33700 & 31200 as targets.

Comment

Investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances

42400 **

41000 **

39100 ***

36657 Last

35800 ***

33700 ***

31200 **

Number of asterisks represents the strength of support and resistance levels.