Major Asian Indices Technicals

Monday, January 25, 2016 3:11 AM UTC

Hang Seng:

Hang Seng has broken major resistance 19300 and jumped till 19485. It is currently trading around 19333.
Any break above 19300 confirms minor trend reversal , a jump till 19650/20000 is possible .
Short term bearish invalidation only above 20000.
On the lower side minor support is around 19000 and any break below will drag the index till 18500/18000.

It is good to buy at dips around 19300 with SL around 18950 for the TP of 19650/20000

Nikkei

Nikkei has recovered till 17275 after making a low of 15798. It is currently trading around 17170.
The index is facing resistance around 17300 and any break above targets 17800/18000.
On the lower side minor support is around 16800 and break below targets 16500/16000/15800.

It is good to buy at dips around 17000 with SL around 16500 for the TP of 17650/18000.

ASX200:

ASX200 has broken minor resistance around 4950 and jumped till 5000. It is trading around 4986.
On the lower side minor support is around 4930 and breaks below targets 4900/4860 level.
Any break above 5000 will take the pair to new level 5050/5080/ minor resistance is around 4950.

It is good to buy at dips around 4950 with SL around 4900 for the TP 5000/5050

Kospi :

Kospi has formed a temporary bottom around 1830 and jumped till 1901l. The index is currently trading at 1895.
Short term trend is slightly bullish as long as support 1830 holds.
On the higher side minor resistance is around 1900 and break above targets 1920/1950 in short term.
The major support is around 1850 and below that level will take the index to next level 1835/1800.

It is good to buy at dips around 1860 with SL around 1830 for the TP of 1920.

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