Major Asian Indices Technicals

Thursday, February 4, 2016 3:00 AM UTC

Hang Seng:

Hang Seng has recovered after making a low of 18771. It is currently trading around 19271.
Short term trend is slightly bullish as long as support 18770 holds.
The index minor resistance is around 19300 and any break above 19300 targets 19600/19800.
On the lower side minor support is around 19000 and any break below will drag the index till 18800/18500.

It is good to buy at dips around 19000 with SL around 18700 for the TP of 19300/19500.

Nikkei

Nikkei has recovered after making a low of 16618. yesterday it is currently trading above 17070.
Short term trend is slightly bullish as long as support 16600 holds.The index major resistance is around 17300 and any break above 17300 will take the index till 17500/17800.
On the lower side minor support is around 16600 (cloud bottom) and break below targets 16300/16000.

It is good to buy at dips around 17000 with SL around 16600 for the TP of 17300/17800.

ASX200:

ASX200 has made a low of 4824 and recovered till 4963 at the time of writing. It is currently trading around 4959.
On the lower side minor support is around 4895(cloud bottom) and breaks below targets 4850/4800 level.
The major resistance is around 5000 and any break above 5000 will take the pair to next level 5075.

It is good to buy at dips around 4930 with SL around 4895 for the TP 5000/5075

Kospi :

Kospi has broken minor resistance 1900 and is jumped till 1911 at the time of writing.It is currently trading around 1909.
On the higher side minor resistance is around 1930 and break above targets 1950/1975 in short term.
The major support is around 1880 and below that level will take the index to next level 1850/1830.

It is good to buy at dips around 1880 with SL around 1850 for the TP of 1920/1945

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