Major Asian Indices Technicals

Hang Seng:

• Hang Seng has recovered after making a low of 18756. It is currently trading around 19170. Short term trend is still weak as  as resistance 19500 holds.
  
  
• The index resistance is at 19500 and any indicative break above that level will take the pair to next level 19700/20000/ level.
  
  
•  Short term bearish invalidation only above 20300.
  
  
• On the lower side minor support is around 18650 and any break below will drag the index till 18000.

It is good to sell on rallies around 19300-350 with SL around 19700 for the TP of 19000/18650

Nikkei

• Nikkei has recovered  after making a low of 15935.  It is currently trading around 16745.
  
  
• The index is facing support around 16000 and any break below targets 15650/15000. 
  
  
• On the higher side minor resistance is around 17000 and break above targets 17300/17500/17880. 

It is good to sell on rallies around 17000 with SL around 17300 for the TP of 16500/16000.

ASX200:

• ASX200  has made a low of 4766 yesterday and started to recover from that level. It is trading around 4908.
  
  
• Short term trend is still weak as long as resistance 5000 holds.
  
  
• On the lower side minor support is around 4840 and breaks below targets 4800/4750 level.
  
  
• Any break above 5000 will take the pair to new level 5050/5080/ minor resistance is around 4950.

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 1830. The index is currently trading at 1856.
  
  
• Short term trend is still bearish as long as resistance 1885 holds. 
  
  
• On the higher side major resistance is around 1885 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 1885 with SL around 1905 for the TP of 1850/1831.