• Asian markets were trading slightly higher as Kim Jong Un and Donald Trump meets in Singapore. The one – on –one meeting between Kim and Trump has happened for 41 mins. Donald Trump praises meeting with Kim and told that they were about to sign. Donald Trump is said to be holding press conference today at noon CEST.  Nikkei jumped almost 250 points yesterday and hits high of 23024 on account strong global cues and positive US markets. US markets have closed flat yesterday with Dow Jones 25322 (0.02% higher) and S&P500 2782 (0.11% higher). US futures is trading flat with Dow Jones at 25355 (0.12% higher) and S&P500 2775 (0.14% higher).Nikkei is currently trading around 22836 0.66% higher.
   
• USD/JPY has recovered sharply on easing geo political tensions and the pair is trading well above 110.17 (200- day MA), a jump till 111.39 is possible. It is currently trading around 110.39.    
   
• On the lower side, index major support is around 22549 (20- day MA) and any break below will drag the index down till 22480 (daily Kijun-Sen) /22360 (55- day EMA)/22137 (100- day MA)/21957 (200- day MA).
   
• The near term resistance is around 23050 and any convincing break above will take the index to next level till 23290/23500.
  
  It is good to buy on dips around 22600-650 with SL at 22350 for the TP of 23000/23280.