Major support - 20800
Asian markets are trading higher especially Shanghai jumped more than 2% on easing trade tensions between US and China.Shanghai composite has halted its 1-week of downtrend and trading above psychological 3000 level. US 10 year yield shown a minor recovery of more than 2.5% after hitting fresh 14-month low yesterday at 2.34%. USDJPY is trading higher after minor correction.It has jumped more than 80 pips from low of 110.02 and is currently trading around 110.77. US markets has closed flat with Dow Jones at 25717 (0.00%) and S&P500 2815 (0.36% higher). Nikkei has gained more than 300 points from low of 20979 and is currently trading around 21249.
On the lower side, near term support is around 20800 and any break below targets 20480/20350/20185.
The near term resistance is at 21377 (200-H MA) and any break above targets 21535/21671.
It is good to buy on dips around around 21000-050 with SL around 20800 for the TP of 21535/21670.
