Major Asian Indices Technicials

Nikkei

• Nikkei breaks major support around 15000  and declined till 14855 at the time of writing. It is currently trading around 14885. Short term trend is weak as long as resistance 15600(55 day H EMA) holds.
   
• Any break above 15600 will take the pair to next level 16000/16300. On the lower side  support is around 14800 (200 day W MA)  and break below targets 14350/14000.
   
• Overall bearish invalidation only above 17100 (7 W EMA).

It is good to sell on rallies around 15250-15300 with SL around 15600 for the TP of 14800/14350.

ASX200:

• ASX200 has slightly retreated after making a high of 4808. It  is currently trading around 4766
   
• On the lower side minor support is around 4765 and breaks below targets 4699/4650 level.
   
• The major resistance is around 4850 and any break above  will take the pair to next level 4900/4930.

It is good to sell on rallies around 4850-60with SL around 4900 for the TP 4765/4699 

Kospi :

• Kospi has broken minor support 1860  and declined till 1834 at the time of writing is currently trading around 1835.
   
• Short term trend is slightly weak as long as resistance 1930 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 sell on rallies around 1860 with SL around 1880 for the TP of 1830/1800