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.
