Major Asian Indices Technicals

Nikkei:

• Nikkei breaks minor resistance around 16000  and jumped till 16180 at the time of writing. It is currently trading around 16155. Short term trend is bullish as long as support 15600(55 day 4H EMA) holds.
• Any break above 16200 will take the pair to next level 16495/16700. On the lower side  minor support is around 15600 and break below targets around 15200/14800 (200 day W MA) /14350/14000.
• Overall bearish invalidation only if it closes above 16700 (7 W EMA).

It is good to buy at dips around 15900 with SL around 15600 for the TP of 16700.

ASX200:

• ASX200 has slightly recovered till 4882  after making a low of 4785. It is currently trading around 4862.
   
• On the lower side minor support is around 4765 and breaks below targets 4699/4650 level.
   
• The major resistance is around 4930 and any break above  will take the pair to next level 4967/5000

It is good to buy on dips around 4850 with SL around 4785 for the TP 4930/4980 

Kospi :

• Kospi has broken major resistance 1885 and jumped till 1885.82 at the time of writing It is currently trading around 1885.
   
• Short term trend is slightly bullish as long as support 1830 holds. 
   
• On the higher side any break above 1880 will take the pair till 1900/1930 in short term.
   
• The major support is around 1830 and below that level will take the index to next level 1800/ minor support is at 1850.

It is good to buy at dips  around 1870 with SL around 1850 for the TP of 1900/1930