Major Asian Indices Technicals

Nikkei

• Nikkei has made a low of 18935 yesterday and recovered from that level . It is currently trading around 19238 level.Short term trend is slightly weak as long as resistance 19600 holds
   
• The index is facing resistance around 19300 will take the index till 19530/19640. 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 21499 level at the time of writing. It is currently trading around 21533 and  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