Major Asian Indices Technical Analysis

Hang Seng:

• Hangsang has broken major resistance 22000 and jumped till 22080 at the time of writing. It is slightly bullish a jump till 22240 is possible .
   
• On the lower side minor support is around 21700 and any break below will drag the index till down till 21500/21380 level. Short term bullish invalidation only below 20900 level. 
   
• The index resistance is at 22250 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 is trading in narrow range between 18535-19000 for the past two trading session. It is currently trading at 18900.
   
• The Japan market has been shut today on account of Emperor's birthday. The index has slightly recovered yesterday but gains were capped by caution ahead of this week 's holidays. Minor short term resistance is around 19170 (12 M MA) and break above targets 19300/19460/19690.
   
• On the lower side major support is around 18500 and break below targets 18070/17900.

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