NIKKEI 225 is trading up 0.66% at 27049.40

Japan stocks were higher after the close on Tuesday, as gains in the Machinery, Transportation Equipment and Electrical/Machinery sectors led shares higher.

At the close in Tokyo, the Nikkei 225 gained 0.66%.

The best performers of the session on the Nikkei 225 were Tokyo Electric Power Co., Inc. (TYO:9501), which rose 7.21% or 37.00 points to trade at 550.00 at the close. Meanwhile, Mitsubishi Motors Corp. (TYO:7211) added 5.82% or 26.00 points to end at 473.00 and Inpex Corp. (TYO:1605) was up 4.88% or 73.00 points to 1,569.00 in late trade.

The worst performers of the session were Z Holdings Corp (TYO:4689), which fell 2.50% or 10.40 points to trade at 406.40 at the close. Rakuten Inc (TYO:4755) declined 2.18% or 14.00 points to end at 628.00 and Recruit Holdings Co Ltd (TYO:6098) was down 2.02% or 83.00 points to 4,029.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2615 to 942 and 216 ended unchanged.

Shares in Tokyo Electric Power Co., Inc. (TYO:9501) rose to 52-week highs; rising 7.21% or 37.00 to 550.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 1.52% to 22.73.

On technical fronts NIKKEI 225 RSI stood at 61.61 and currently it is trading above all MA. So, BUY position can be taken with following target and stoploss:

TRADE SIGNAL – : NIKKEI 225 – BUY: 27194.00, TARGET: 27467.00, STOP LOSS: 26924.00