Major Asian Indices Techncal Analysis

Hang Seng:

• Hangsang has jumped till 22264 and slightly retreat from that level. It is currently trading around 21165
   
• On the lower side minor support is around 21900 and any break below will drag the index till down till 21700/21500 level. Short term bullish invalidation only below 20900 level. 
   
• The index resistance is at 22380 and any indicative break above that level will take the pair to next level 22580/22800 level.

It is good to buy at dips around 21850-900 with SL around 21700 for the TP of 22250/22580

Nikkei

• Nikkei has made a high of 19118 and started to decline from that level. It is currently trading at 18935
   
• Minor short term resistance is around 19170 (12 M MA) and any close above targets 19300/19460/19690.
   
• On the lower side major support is around 18800 and break below targets 18500/18180.

It is good to buy at dips around 18750-800 with SL around 18500 for the TP of 19165/19300

ASX200:

• ASX200 breaks minor trend line resistance around 5207 which confirms minor bullishness , a jump till 5283/5300 is possible .
   
• On the lower side minor support is around 5158 and break below targets 5130/5100 level.
   
• Minor weakness can be seen only below 5130 level.

It is good to buy at dips around 5180-90 with SL around 5130 for the TP of 5285/5300

Kospi :

• Kospi has been recovering after making a low of 1958 on Friday. The index has broken minor short term resistance at 2000 and is currently trading at 2003.
   
• Short term trend is still bullish as long as support 1950 holds. On the higher side major resistance is around 2026 and break above targets 2040/2065 in short term
   
• The support is around 1970 and below that level will take the index to next level 1950/1940.

It is good to buy at dips around 1970 with SL around 1950 for the TP of 2025/2040