Major Asian Indices Technicals

Hang Seng:

• Hang Seng has broken major support 20000 and declined till is currently trading around term trend is weak as long as resistance 20650 holds.
   
• The index resistance is at 20650 and any indicative break above that level will take the pair to next level 20870/21000 level. Short term bearish invalidation only above 21400.
   
• On the lower side minor support is around 20300 and any break below will drag the index till down till 20000/19400.

It is good to sell on rallies around 20300 with SL around 20650 for the TP of 20270/20000/19425

Nikkei

• Nikkei has broken major support 17476 and declined till 17237. It has closed around 17279.         
   
• The index is facing support around 17000 and any break below targets 16890/16500.
   
• On the higher side minor resistance is around 17600 and break above targets 18000/18200. 

It is good to sell on rallies around 17600 with SL around 18000 for the TP of 17000/16500.

ASX200:

• ASX200 has broken major support 4920 and declined till 4890 at the time of writing. It has closed around 4890.
   
• Short term trend is still weak as long as resistance 5050 holds.
   
• On the lower side minor support is around 4850 and breaks below targets 4800/4750 level.
   
• Any break above 5050 will take the pair to new level 5080/5130.

It is good to sell rallies around 4970-80 with SL around 5050 for the TP 4900/4860 

Kospi :

• Kospi has recovered after making a low of 1883 . The index is currently trading at 1900.
   
• Short term trend is still bearish as long as resistance 1940 holds. On the higher side minor resistance is around 1920 and break above targets 1940/1960 in short term.
   
• The major support is around 1880 and below that level will take the index to next level 1868/1850.

It is good to sell on rallies around 1920 with SL around 1940 for the TP of 1868/1850.