Major Asian Indices Technical Analysis

Nikkei225:

• The index has made a high of 19900 on Friday and declined heavily  from that level is currently trading around 18683. 
   
• Short term bullishness only above 19050 and break above will take the index to next level around 19300/19515.
   
• On the lower side 18500 (Dec 15th 2015 low) is acting as  major support and below that targets 18200/18000.

It is good to sell on rallies around 18800-850 with SL around 19050 for the TP of 18530/18280

Hangsang:

• Hangsang has formed a temporary bottom around 21500 and started to recover from that level. Short term trend is slightly bullish as long as support 21500 holds.
   
• Any break below 21500 will drag the pair down till 21380/21200. The index is struggling to break above 22000 for past two trading session and break above will invalidate bearish outlook a jump till 22230/22375 is possible.
   
• On the downside 21500 is acting as minor support and break below targets 21200/20900.

It is good to buy at dips around 21700 with SL around 21500 for the TP of 22000/22230