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Kospi, Nikkei 225 and Nifty 50 Forecasts – Asia Stretching a Bit on Thursday

By
Christopher Lewis
Published: Apr 16, 2026, 12:14 GMT+00:00

Asian continues to stretch to the upside in general, as we are looking at more risk appetite in the markets.

Kospi Technical Analysis

The Kospi in South Korea continues to rise as it has been one of the better performers that we had seen in a long time. Ultimately, this is a market that continues to go looking towards the recent swing high of 6,353, and it now looks as if it’s got a little bit of a floor in the form of 6,000 just below.

I think buying on the dip continues to be the way people play the Kospi, and ultimately, we do try to break out and continue the overall uptrend. This is going to be influenced by risk appetite, but it looks like peace in the Middle East might make things like energy not such a big concern in South Korea, allowing this thing to continue to the upside for the bulls.

Nikkei 225 Technical Analysis

The Nikkei 225 in Japan just touched its recent swing high. It has pulled back just a bit, but if we can clear that crucial 60,000 level, that should kick off the next leg higher. A pullback should see support right around 58,000 and then again at 56,000.

I don’t have any interest in shorting this market. I do believe that it eventually goes much higher, but it may have to pull back a little bit to build up some momentum and bring new buyers into the market, as it had been overextended.

Nifty 50 Technical Analysis

The Nifty 50 in India originally gapped higher but it found a bit of a barrier in the form of 24,400 and then fell. It now sits at the 50-day EMA again. I do think this is an index that’s in the middle of recovering, so I like the idea of buying dips.

I just want to see a little bit of a bounce on a shorter-term chart so I can get on the right-hand side of the V and try to capture the momentum. There is a gap just below that I think will probably offer a bit of support. The question is: do we need to go all the way down towards the bottom, which is at 23,850? Regardless, it looks like Asia in general is doing fairly well and there should be a bit of a knock-on effect in India.

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About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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