Nikkei:
- Nikkei has made a high of 16333 and slightly retreats from that level. It is currently trading around 16025. Short term trend is bullish as long as support 15500 (Kijun-Sen) holds.
- The index is facing strong resistance around 16400 and any break above 16400 will take the pair to next level 16700/17000. On the lower side minor support is around 15500 and break below targets around 15200/14800 (200 day W MA) /14350/14000.
- Overall bearish invalidation only if it closes above 16775 (7 W EMA).
It is good to buy at dips around 15900 with SL around 15600 for the TP of 16700.
ASX200:
- ASX200 faces strong resistance around 4930 and any break above targets 5000/5050. It is currently trading around 4920.
- On the lower side minor support is around 4765 and breaks below targets 4699/4650 level.
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 1897 at the time of writing It is currently trading around 1893.
- Short term trend is slightly bullish as long as support 1850 holds.
- On the higher side any break above 1900 will take the pair till 1930/1950 in short term.
- The major support is around 1850 and below that level will take the index to next level 1830/1800.
It is good to buy at dips around 1870 with SL around 1850 for the TP of 1900/1930.
