Major Asian Indices Technicals

Hang Seng:

• Hang Seng has retreated after making a high of 19485  It is currently trading around 19040. Short term trend is still weak as  as resistance 19500 holds.
   
• The index minor resistance is at 19300 and any indicative break above that level will take the pair to next level 19500/19700/20000/ level.
   
•  Short term bearish invalidation only above 20000.
   
• On the lower side minor support is around 18500 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 declined after making a high of 17275. It is currently trading around 16658.
   
• The index is facing support around 15800 and any break below targets 15500/15000. 
   
• On the higher side minor resistance is around 16800 and break above targets 17000/17300/17500/17880.
  
   It is good to sell on rallies around 17000 with SL around 17300 for the TP of 16500/16000.

ASX200:

• ASX200  has jumped above 5000 yesterday but not able hold around that level and started to decline after reaching 5000 level.It is currently trading around 4945.
   
• 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 retreated after making a high of 1901 yesterdayl. 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 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 1900 with SL around 1920 for the TP of 1850/1831.