$ 30,000 saves the stock market? / Where is the support floor of the total index?

According to Tejarat News, the negative erosion trend continues to overshadow the stock market. While most experts have forecast a balanced market for this week, there is still no good news for the stock market to be positive.

Peyman Haddadi, a stock market expert, said: “Today we also saw the low value of small transactions in the capital market.” The decline in prices is still evident despite the slight decline in the overall stock market index.

He added: “Due to the fact that the negotiations did not have positive and encouraging results, the related groups, including the car and the bank, which had a price increase in the past few days, reached the sales queues.”

Haddadi stated: In the middle of the market and with the registration of dollars above 30,000 Tomans, some symbols, including the refining group, were accompanied by demand in order to prevent the stock market index from falling too much.

The expert said: “Apart from the negotiation discussion, which seems to continue until the end of this week.” The market is looking for the 1401 budget bill. It remains to be seen what the consequences will be for the stock market. Despite the very good speeches of the head of the stock exchange organization in recent days, capital market participants are still not risk-averse and we have no demand in the market.

“Given that we will welcome the reopening of global markets in Dushanbe tomorrow, the second half of trading is very important,” he said. The total index of the stock exchange considers the range of one million and 310 to one million 340 thousand units as the support range.

Haddadi continued: Of course, the previous floor, which was in the range of one million and 340 thousand units, was unfortunately lost today. The negative point of the market, as in previous days, is that with the decrease in stock prices, we do not see an increase in purchases.

“Valuable stocks are still without customers, and this can not be a good omen for the stock market, at least in the short term,” he said. Of course, stabilizing the exchange rate for more than 30,000 tomans for several consecutive days can bring demand for dollar-related stocks in the short term.

Loss of support?

Ali Assari, a stock market expert, said: “Today, the market was relatively green at the beginning and Omid could return to the market. But the announcement of Atka Tehran underwriting at 9:30 caused the liquidity in the market to be attracted and as a result, the shares were put in the sales queue.

“If this trend continues in the coming days, the market will reach dangerous places and all support will be lost,” Assari said. Given that steel and shasta are now in very good value places, the situation is likely to get worse and worse.

He continued: “Nevertheless, I hope for the market this week and I believe that if this underwriting had not taken place in the shallow market with low trading value now, the positive market trend would have been maintained.” The market situation will probably be better tomorrow.

“Currently, what is happening in the field of macro-politics is that the stock market is not a serious priority for Iranian negotiators,” he said. This has had a negative impact on the stock market.

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