Major Asian Indices Technicals

Hang Seng:

• Hang Seng has broken major support 19400 and declined till is currently trading around term  term trend is weak as long as resistance 20300 holds.
   
• The index resistance is at 20300 and any indicative break above that level will take the pair to next level 20650/20870/21000 level. Short term bearish invalidation only above minor resistance is around 19520/19870.
   
• On the lower side minor support is around 19000 and any break below will drag the index till down till 18650.

It is good to sell on rallies around 19700-750 with SL around 20000 for the TP of 19425/19000

Nikkei
 

• Nikkei has recovered till 16953 at the time of writing after making a low of 16568. It is currently trading around 16815.  
• The index is facing support around 16500 and any break below targets 16000 .
   
• On the higher side minor resistance is around 17000 and break above targets 17300/17500. 

It is good to sell on rallies around 17300 with SL around 17500 for the TP of 17000/16500.

ASX200:

• ASX200  has recovered till 4863 at the time of writing after making a low of 4754. It is trading around 4842.
   
• Short term trend is still weak as long as resistance 5000 holds.
   
• On the lower side minor support is around 4750 and breaks below targets 4598 level.
   
• Any break above 5000 will take the pair to new level 5050/5080/5130.

It is good to sell rallies around 4950 with SL around 5000 for the TP 4850/4755 

Kospi :
 

• Kospi has recovered after making a low of 1852 at the time of writing . The index is currently trading at 1873.
   
• Short term trend is still bearish as long as resistance 1920 holds. On the higher side minor resistance is around 1880 and break above targets 1900/1920 in short term.
   
• The major support is around 1850 and below that level will take the index to next level 1835/1800.

It is good to sell on rallies around 1900 with SL around 1940 for the TP of 1868/1850.