Major Asian Indices Technicals

Hang Seng:

• Hang Seng has broken minor resistance 19300 and jumped til 19395. It is currently trading around 19332.
  
  
• Short term trend is slightly bullish as long as support 18770 holds.
  
  
• Any break above 19300 will take the index to next level around  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 retreated after making a slight jump till is currently trading above 16800.
  
  
• 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 16800 with SL around 16600 for the TP of 17300/17800.

ASX200:

• ASX200 is facing strong resistance around 5000 and any break above confirms minor trend reversal . It is currently trading around 4933.
  
  
• 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 is facing major resistance around 1930 and it is currently trading around 1915.
  
  
• On the higher side any break above 1930  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.