Major Asian Indices Techncal Analysis

Thursday, December 24, 2015 3:34 AM UTC

Hang Seng:

Hangsang has jumped till 22264 and slightly retreat from that level. It is currently trading around 21165
On the lower side minor support is around 21900 and any break below will drag the index till down till 21700/21500 level. Short term bullish invalidation only below 20900 level.
The index resistance is at 22380 and any indicative break above that level will take the pair to next level 22580/22800 level.

It is good to buy at dips around 21850-900 with SL around 21700 for the TP of 22250/22580

Nikkei

Nikkei has made a high of 19118 and started to decline from that level. It is currently trading at 18935
Minor short term resistance is around 19170 (12 M MA) and any close above targets 19300/19460/19690.
On the lower side major support is around 18800 and break below targets 18500/18180.

It is good to buy at dips around 18750-800 with SL around 18500 for the TP of 19165/19300

ASX200:

ASX200 breaks minor trend line resistance around 5207 which confirms minor bullishness , a jump till 5283/5300 is possible .
On the lower side minor support is around 5158 and break below targets 5130/5100 level.
Minor weakness can be seen only below 5130 level.

It is good to buy at dips around 5180-90 with SL around 5130 for the TP of 5285/5300

Kospi :

Kospi has been recovering after making a low of 1958 on Friday. The index has broken minor short term resistance at 2000 and is currently trading at 2003.
Short term trend is still bullish as long as support 1950 holds. On the higher side major resistance is around 2026 and break above targets 2040/2065 in short term
The support is around 1970 and below that level will take the index to next level 1950/1940.

It is good to buy at dips around 1970 with SL around 1950 for the TP of 2025/2040

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