Major Asian Indices Technicals

Hang Seng:

• Hang Seng has retreated after making a high of 19640. It is currently trading around 19077. Short term trend is as long as resistance 19700 holds.
  
  
• The index resistance is at 19700 and any indicative break above that level will take the pair to next level 20000/20300/20650 level.
  
  
•  Short term bearish invalidation only above minor resistance is around 19300/19600.
  
  
• On the lower side minor support is around 19000 and any break below will drag the index till down till 18650.

It is good to sell on rallies around 19300-350 with SL around 19700 for the TP of 19000/18650

Nikkei

• Nikkei has recovered till 17283 yesterday and started to retreat from that level. It is currently trading around 16670.
  
  
• The index is facing support around 16500 and any break below targets 16000 .
  
  
• On the higher side minor resistance is around 17300 and break above targets 17500/17880.
  
  It is good to sell on rallies around 17000 with SL around 17300 for the TP of 16500/16000.

ASX200:

• ASX200  has recovered till 4947 yesterday and retreated from that level. It is trading around 4865.
  
  
• Short term trend is still weak as long as resistance 5000 holds.
  
  
• On the lower side minor support is around 4840 and breaks below targets 4800/4750 level.
  
  
• Any break above 5000 will take the pair to new level 5050/5080/ minor resistance is around 4950.

• Kospi has retreated after making a high of 1889. The index is currently trading at 1869.
  
  
• Short term trend is still bearish as long as resistance 1920 holds. 
  
  
• On the higher side minor resistance is around 1880 and break above targets 1900/1920 in short term.
  
  
• The major support is around 1850 and below that level will take the index to next level 1835/1800.