Major Asian Indices Technicals

Nikkei

• Nikkei  has slightly recovered after making a low of 15740. It is currently trading around 16073. Short term trend is weak as long as resistance 16350 (Tenken-Sen) holds.
   
• The index is facing strong resistance around 16350 and any break above 16400 will take the pair to next level 16700/17000. On the lower side  minor support is around 15500 and break below targets around 15200/14800 (200 day W MA) /14350/14000.
   
• Overall bearish invalidation only if it closes above 16775 (7 W EMA).

It is good to sell on rallies around 16100-150 with SL around 16350 for the TP of 15550.

ASX200:

• ASX200 recovers after making a low of 4921. It is currently trading around 4976.
   
• Short term is slightly bullsih as long as support 4920 holds.
   
• On the lower side minor support is around 4920 and breaks below targets 4880/4850 level.
   
• The index major resistance is around 5000 and any break above targets 5050/5075.

It is good to buy at dips around 4960 with SL around 4920 for the TP 5020/5075 

Kospi :

• Kospi has made a high of 1921 at the time of writing and slightly retreated from that level. It is currently trading around 1913.
   
• Short term trend is slightly bullish as long as support 1850 holds. 
   
• On the higher side major resistance is around 1930 and any break above 1930 will take the pair till  1960/1975 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 1900 with SL around 1880 for the TP of 1930/1950