Hang Seng:
- Hang Seng has broken minor support 21700 which confirms minor trend reversal a decline till 20900 is possible. It is currently trading around 21395
- The index resistance is at 21800 and any indicative break above that level will take the pair to next level 22000/22160/22265 level.Short term bearish invalidation only above 22300.
- On the lower side minor support is around 21400 and any break below will drag the index till down till 21000/20900 level.
It is good to sell on rallies around 21700-750 with SL around 22000 for the TP of 21300/20925
Nikkei
- Nikkei has broken major support 18500 which confirms minor weakness , a decline till 18090/17650 is possible It is currently trading at 19022.
- Short term trend is weak as long as resistance 19170 holds.
- Any break above 19170 (12 M MA) above targets 19300/19460/19690. Minor resistance is around 18800/19000.
- On the lower side major support is around 18700 and break below targets 18500/18180.
It is good to sell on rallies around 18750-800 with SL around 19000 for the TP of 18090
ASX200:
- ASX200 has made a temporary high of 5358 and declining form that level. It is currently trading around 5285.
- Short term trend is still weak as long as resistance 5360 holds.
- On the lower side minor support is around 5265 and break below targets 5230/5190 level.
- Major weakness can be seen only below 5190 level.
It is good to buy at dips around 5240-50 with SL around 5190 for the TP of 5335/5375
Kospi :
- Kospi has broken major support 1950 and a decline till 1920/1900 is possible . The index is currently trading at 1931
- Short term trend is still bearish as long as resistance 2010 holds. On the higher side minor resistance is around 1980 and break above targets 2010/2026/2040 in short term.
- The major support is around 1920 and below that level will take the index to next level 1900/1868.
It is good to sell on rallies around 1955-60 with SL around 1980 for the TP of 1920/1900.
