Swinging the total index in the channel of 1.4 million units / What is the condition for improving the stock market situation?

According to Tejarat News, the total index, which lost 1.4 million units yesterday, returned to this channel in the middle of today’s market with a growth of about one thousand units. A 0.42% growth in the weighted index versus a 0.07% growth in the overall index indicates that small stocks are leading the way.

The overall index is currently positive with the banking and auto group leading the way. Meanwhile, chemicals and petroleum products are declining.

Payam Eliaskordi, a stock market expert, said: “For some time now, the total index has been fluctuating around 1.4 million units and has become resistance and support.” For some time now, the factors affecting the growth and decline of the market in this area have been trying to force each other.

He added: “The most important factor that does not currently exist in the market is the increase in the value of transactions, which is still fluctuating between 3,500 to 4,100 billion tomans.” This number is not enough. If the value of transactions in the coming weeks is the same, we can not go beyond 1.4 million units. It is also difficult to go below this level given the value of the stock, unless something special happens to the price of the dollar.

This stock market expert stated: If the value of transactions exceeds 6,000 billion tomans next week, we can say that we will easily exceed this amount and reach higher levels. Otherwise the current situation will continue.

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