ASX index has taken support at 5460 as expected. Corrective target achieved now time for upside rally. On upside 5535 to 5550 will be short term target. While for swing traders 5460 was best buying level with a price target of 5640 which can be expected in this week. The daily chart is oversold and coming off from the lows suggesting big and strong rally ahead for ASX. Weekly chart also signaling the same view and here medium term target will be on the upside and is it at 5865.traders here keep buy on dips strategy for target 5640. If ASX future retrace towards 5460 then it will be best buying opportunity. Nikkei achieved upside target of 16980 and now watch for breakout move above 16980 and expect next target of 17500. Nikkei daily chart technical picture is bullish and expect this fresh bullish move will have its target around 17500. Nikkei weekly chart is strongly bullish and suggesting big rally ahead which has its target at 18830. On downside 16700 is strong support zone. On Nikkei future keep buy on dips view and expect next swing target at 17500.