Major Asian Indices Technicals

Nikkei:

• Nikkei breaks major resistance around 15600  and jumped till 15700 at the time of writing. It is currently trading around 15670. Short term trend is bullish as long as support 15200(21 day H MA) holds.
   
• Any break above 15600 will take the pair to next level 16000/16300. On the lower side  minor support is around 15200 and break below targets around 14800 (200 day W MA) /14350/14000.
   
• Overall bearish invalidation only above 16700 (7 W EMA).

It is good to buy at dips around 15400 with SL around 15200 for the TP of 1600/16300.

ASX200:

• ASX200 has slightly recovered after making a low of 4785. It is currently trading around 4816.
   
• On the lower side minor support is around 4765 and breaks below targets 4699/4650 level.
   
• The major resistance is around 4860 and any break above  will take the pair to next level 4900/4930.

It is good to buy on dips around 4785 with SL around 4700 for the TP 4930 

Kospi :

• Kospi has broken minor resistance 1850 and jumped till 1865 at the time of writing It is currently trading around 1861.
   
• Short term trend is slightly bullish as long as support 1830 holds. 
   
• On the higher side minor resistance is around 1880 and break above targets 1900/1930 in short term.
   
• The major support is around 1830 and below that level will take the index to next level 1800/1785.

It is good to buy at dips  around 1850-55 with SL around 1830 for the TP of 1900/1930.