Major IndicesTechnicials

Nikkei

• Nikkei breaks major support around 15798 (Jan 2016 low)  and declined till 15350 at the time of writing. It is currently trading around 15485. Short term trend is weak as long as resistance 16000 (55 dy H EMA)holds.
  
  
• Any break above 16000 will take the pair to next level 16400/17000/17300. On the lower side  support is around 15300  and break below targets 15000/14800.
  
  
• Overall bearish invalidation only above 17100 (7 W EMA).

It is good to sell on rallies around 15700-7500 with SL around 16000 for the TP of 15000

ASX200:

• ASX200 has slightly recovered  after making a low of 4699. It  is currently trading around 4800.
  
  
• 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 1880 which confirms minor trend reversal , a decline till 1830 is possible is currently trading around 1870.
  
  
• Short term trend is slightly weak as long as resistance 1930 holds. 
  
  
• On the higher side minor resistance is around 1930 and break above targets 1950/1975 in short term.
  
  
• The major support is around 1880 and below that level will take the index to next level 1850/1830.

It is good to sell on rallies around 1890-95 with SL around 1930 for the TP of 1830