Major Asian Indices Technical’s

Hang Seng:

  • Hang  Seng has jumped till 22045 at the time of writing in morning and started to decline from that level. It is currently trading around 21960.
  • The index resistance is at 22380 and any indicative break above that level will take the pair to next level 22580/22800 level.
  • On the lower side minor support is around 21700 and any break below will drag the index till down till 21500/21250 level.
  • Short term bullish invalidation only below 20900 level. 

It is good to buy at dips around 21850-900 with SL around 21700 for the TP of 22250/22580Nikkei

  • Nikkei has made a high 19145 today and started to decline from that level. It is currently trading at 19022.
  • Minor short term resistance is around 19170 (12 M MA) and any close above targets 19300/19460/19690.
  • On the lower side major support is around 18700 and break below targets 18500/18180.

It is good to buy at dips around 18700 with SL around 18500 for the TP of 19165/19300ASX200:

  • ASX200 has broken major resistance 5320 and this confirms slight bullishness a jump till 5375/5410 is possible  . It is currently trading around 5320
  • On the lower side minor support is around 5265 and break below targets 5230/5190 level.
  • Major weakness can be seen only below 5190 level.

It is good to buy at dips around 5240-50 with SL around 5190 for the TP of 5335/5375Kospi :

  • Kospi has recovered slightly after making a low of 1946. The index is currently trading at 1966
  • Short term trend is still bearish as long as resistance 2010 holds. On the higher side major resistance is around 2010 and break above targets 2026/2040 in short term.
  • The minor resistance is around 1980.
  • The major support is around 1950 and below that level will take the index to next level 1920/1900.

It is good to sell on rallies around 1985-90 with SL around 2010 for the TP of 1950/1920

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