Asian markets are trading mixed especially Shanghai composite holding after more than 5.5% jump yesterday on account of US-China trade talks optimism.Nikkei has lost nearly 0.5% after hitting 2-1/2 month high on selling pressure ahead of fiscal year end. US market has closed slightly higher with Dow Jones at 26092 (0.23% higher) and S&P500 2796 (0.12% higher).USDJPY is trading flat after hitting high of 111.12.It is facing strong resistance around 111.40 and is currently trading around 110.78.
On the lower side, near term support is around 21300 and any break below targets 21077/21000/20800.The index should break below 20800 for further direction.
The near term resistance is at 21550 (300- day EMA) and any break above targets 21700/21918.
It is good to buy on dips around 21000 with SL around 20700 for the TP of 21550/21700.
