Major Asian Indices Techncals

Tuesday, January 19, 2016 3:05 AM UTC

Hang Seng:

Hang Seng has retreated after making a high of 19434. It is currently trading around 19207. Short term trend is as long as resistance 19700 holds.
The index resistance is at 19700 and any indicative break above that level will take the pair to next level 20000/20300/20650 level. Short term bearish invalidation only above minor resistance is around 19300/19600.
On the lower side minor support is around 19000 and any break below will drag the index till down till 18650.

It is good to sell on rallies around 19300-350 with SL around 19700 for the TP of 19000/18650

Nikkei

Nikkei has recovered till 17090 at the time of writing after making a low of 16568. It is currently trading around 16795.
The index is facing support around 16500 and any break below targets 16000 .
On the higher side minor resistance is around 17200 and break above targets 17500/17880.

It is good to sell on rallies around 17300 with SL around 17500 for the TP of 17000/16500.

ASX200:

ASX200 has recovered till 4899 at the time of writing after making a low of 4754. It is trading around 4872.
Short term trend is still weak as long as resistance 5000 holds.
On the lower side minor support is around 4750 and breaks below targets 4598 level.
Any break above 5000 will take the pair to new level 5050/5080/5130.

It is good to sell rallies around 4950 with SL around 5000 for the TP 4850/4755
Kospi :

Kospi has recovered till 1881 after making a low of 1852 at the time of writing . The index is currently trading at 1869.
Short term trend is still bearish as long as resistance 1920 holds. On the higher side minor resistance is around 1880 and break above targets 1900/1920 in short term.
The major support is around 1850 and below that level will take the index to next level 1835/1800.

It is good to sell on rallies around 1900 with SL around 1940 for the TP of 1868/1850.

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