Hang Seng:
- Hangseng has made a high of 22264 (200 day 4 HMA) and slightly retreat from that level. It is currently trading around 22025.
- 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 till 18730 from that level. It is currently trading at 18800
- 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 18700 and break below targets 18500/18180.
It is good to buy at dips around 18700 with SL around 18500 for the TP of 19165/19300
ASX200:
- ASX200 forms triple top around 5231 and declined from that level. It has closed around 5208.
- The index resistance is around 5235 and any break above targets 5285/5300 level.
- 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 slightly declined after making a high of 2009 The index is currently trading at 1990.
- 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
