Major Asian Indices Technicals

Hang Seng:

• Hang  Seng has broken major support 23000 and this confirms major weakness a decline till 20090/19800/19425 is possible . It is  currently trading around 20270
   
• The index resistance is at 20650 and any indicative break above that level will take the pair to next level 20870/21000 level.Short term bearish invalidation only above 21400.
   
• On the lower side minor support is around 20300 and any break below will drag the index till down till 20000/19400.

It is good to sell on rallies around 20650-700 with SL around 20880 for the TP of 20270/20000/19425

Nikkei

• Nikkei has made a low of 17816 at the time of writing  and is currently trading at 17840.
   
• The index is facing support around 17800 and any break below targets 17650/17300.
   
• On the higher side major resistance is around 18300 and break above targets 18650/18800. Minor resistance is around 17935/18140.

It is good to sell on rallies around 18050-18100 with SL around 18300 for the TP of 17650/17300.

ASX200:

• ASX200 has broken major support 5090 and declined till 5026 at the time of writing. It is currently trading around 5025.
   
• Short term trend is still weak as long as resistance 5130 holds.
   
• On the lower side minor support is around 5000 and break below targets 4958/4860 level.
   
• Any break above 5150 will take the pair to new level 5200/5230.

It is good to sell rallies around 5080-85 with SL around 5130 for the TP 5005/4960

 
Kospi :

• Kospi has broken major support 1920 and a declined till 1901 at the time of writing . The index is currently trading at 1935
   
• Short term trend is still bearish as long as resistance 1980 holds. On the higher side minor resistance is around 1930 and break above targets 1958/1980 in short term.
   
• The major support is around 1900 and below that level will take the index to next level 1868.

It is good to sell on rallies around 1915-20 with SL around 1940 for the TP of 1900/1868