World Bank lowering its Global Economic Outlook for 2014, triggered profit taking pressure on worldwide market and Hong Kong market. Hang Seng Index closed down 0.3% at 23,257. Market turnover decreased to $52.5 billion. A share market was weak for most of the day and weighed the market sentiment. Technically, index is in side way trend for very short term. RSI now trading turn in positive territory and closed above its 14 DMA. MACD bullish gap again shrinking, which showing that momentum can be week and further profit booking movement can be seen. Index is now having major resistance at the level of 23500. Hang Seng index first support would be 23000, while next support would be seen at 50DMA (22,800).