Nikkei
- Nikkei has once again declined after making a high of 16328 . It is currently trading around 16098. Short term trend is weak as long as resistance 16340 (Tenken-Sen) holds.
- The index is facing strong resistance around 16340 and any break above 16340 will take the pair to next level 16700/17000. On the lower side minor support is around 15500 and break below targets around 15200/14880 (200 day W MA) /14350/14000.
- Overall bearish invalidation only if it closes above 16575 (7 W EMA).
It is good to sell on rallies around 16100-150 with SL around 16350 for the TP of 15550.
ASX200:
- ASX200 retreated after making a high of 5031 is currently trading around 4988.
- Short term is slightly bullIsh as long as support 4920 holds.
- On the lower side minor support is around 4920 and breaks below targets 4880/4850 level.
- The index major resistance is around 5035 and any break above targets 5075/5100.
It is good to buy at dips around 4960 with SL around 4920 for the TP 5020/5075
Kospi :
- Kospi has retreated after making a high of 1929 at the time of writing . It is currently trading around 1913.
- Short term trend is slightly bullish as long as support 1850 holds.
- On the higher side major resistance is around 1930 and any break above 1930 will take the pair till 1960/1975 in short term.
- The major support is around 1880 and below that level will take the index to next level 1850/1830.
