Major Asian Indices Technical Analysis

Hang Seng:

• Hang  Seng has made a low of 20254 and started to recover from that level. It is  currently trading around 20500
   
• 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 buy at dips 20250-300 with SL around 20000 for the TP of 20650/21000

Nikkei

• Nikkei has made a low of 17476 at the time of writing  and is currently trading at 17797.
   
• The index is facing support around 17500 and any break below targets 17300/17000.
   
• On the higher side major resistance is around 18000 and break above targets 18300/18500. Minor resistance is around 17860

It is good to buy at dips around 17700 with SL around 17500 for the TP of 18000/118300.

ASX200:

• ASX200 has reached till 4926 yesterday and recovered from that level . It is currently trading around 4979.
   
• Short term trend is still weak as long as resistance 5050 holds.
   
• On the lower side minor support is around 4920 and break below targets 4860/4800 level.
   
• Any break above 5050 will take the pair to new level 5087/5116.

It is good to sell rallies around 5080-85 with SL around 5130 for the TP 5005/4960
 Kospi :
Kospi has broken major support 1900 and a declined till 1881 at the time of writing . The index is currently trading at 1903.
Short term trend is still bearish as long as resistance 1930 holds. Any break above 1930  targets 1958/1980 in short term.
The major support is around 1880 and below that level will take the index to next level 1868/ is good to sell on rallies around 1915-20 with SL around 1940 for the TP of 1868/1850