Nikkei
- Nikkei has broken major support 19200 and declined till 18863. It is currently trading around 19060 level.Intra day trend is still weak as long as resistance 19200 holds
- Any break above 19200 will take the index till 19300/19680. Overall bullishness can be seen if it closes above 20000.
- On the lower side major support 18800 and break below targets 18630/18500 in short term.
It is good to sell on rallies around 19250-300 with SL around 19500 for the TP of 19000/18800
Hangseng
- Hangseng index has broken 21700 ( Oct 6th low) and declined till 21635 level It is currently trading around trend is still weak a decline till 21450/21000 is possible .
- On the higher side minor resistance is around 22000 and break above targets 22250/22350/22500. The short term major resistance is around 22600 level.
It is good to sell on rallies around 22000-22050 with SL around 22250 for the TP of 21700/21450
