Major Asian Indices Technicals

Hang Seng:

• Hang Seng has broken major resistance 19300 and jumped till 19485. It is currently trading around 19333.
   
• Any break above 19300 confirms minor trend reversal , a jump till 19650/20000 is possible .
   
•  Short term bearish invalidation only above 20000.
   
• On the lower side minor support is around 19000 and any break below will drag the index till 18500/18000.

It is good to buy at dips around 19300 with SL around 18950 for the TP of 19650/20000

Nikkei

• Nikkei has recovered till 17275  after making a low of 15798.  It is currently trading around 17170.
   
• The index is facing resistance around 17300 and any break above targets 17800/18000. 
   
• On the lower side minor support is around 16800 and break below targets 16500/16000/15800.

It is good to buy at dips around 17000 with SL around 16500 for the TP of 17650/18000.

ASX200:

• ASX200  has broken minor resistance around 4950 and jumped till 5000. It is trading around 4986.
   
• On the lower side minor support is around 4930 and breaks below targets 4900/4860 level.
   
• Any break above 5000 will take the pair to new level 5050/5080/ minor resistance is around 4950.

It is good to buy at dips  around 4950 with SL around 4900 for the TP 5000/5050 

Kospi :
 

• Kospi has formed a temporary bottom around 1830 and jumped till 1901l. The index is currently trading at 1895.
   
• Short term trend is slightly bullish as long as support 1830 holds. 
   
• On the higher side minor resistance is around 1900 and break above targets 1920/1950 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 buy at dips  around 1860 with SL around 1830 for the TP of 1920.