Hang Seng:
- Hang Seng has broken major support 21100 and this this confirms minor weakness a decline till 20650/20380 is possible . It is currently trading around 21261
- The index resistance is at 21400 and any indicative break above that level will take the pair to next level 21635/21850/22000 level.Short term bearish invalidation only above 22300.
- On the lower side minor support is around 20900 and any break below will drag the index till down till 20600/20380level.
It is good to sell on rallies around 21350-400 with SL around 21635 for the TP of 20900/20650
Nikkei
- Nikkei has broken major support 18080 and a dip till 17650 is possible is currently trading at 18125.
- the index is facing support around 17900 and any break below targets 17650/17300.
- On the higher side major resistance is around 18650 and break above targets 18800/19170 break above 19170 (12 M MA) above targets 19300/19460/19690. Minor resistance is around 18300/18650.
It is good to sell on rallies around 18250-300 with SL around 18650 for the TP of 17900/17650.
ASX200:
- ASX200 has broken major support 5150 and declined till 5110. It is currently trading around 5125
- Short term trend is still weak as long as resistance 5230 holds.
- On the lower side minor support is around 5100 and break below targets 5050/5130 level.
- Any break above 5230 will take the pair to new level 5285/5300.
It is good to sell rallies around 5160-70 with SL around 5230 for the TP 5100/5050.
Kospi :
- Kospi has broken major support 1950 and a decline till 1900 is possible . The index is currently trading at 1935
- 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 1935-40 with SL around 1960 for the TP of 1900
