What is the probability that the total index is on the threshold of 1.5 million units / preacher index?
According to Tejarat News, the total index and the homogeneous index have an upward trend during today’s trading in the stock market, with about 145 negative symbols and 177 positive symbols.
The total index is on the verge of 1.5 million and this range seems to be a psychologically important resistance, but what factors are effective in breaking the resistance.
Mohammad Khabarizad, a fundamental expert and analyst of the capital market, said in an interview with Tejarat News: “I think there are three main drivers for breaking the resistance of 1.5 million units and then 1.6 million units.” Nima dollar exchange rate release, 6-month reports and refinery reports.
Regarding the Nima dollar exchange rate, this expert said: The Nima dollar exchange rate differs from the dollar exchange rate in the open market by about 5,000 Tomans, and this creates rents for importers. After exporting the product, the exporting companies offer the dollar in the Nima system, and the importers receive the Nima dollar and sell their product in the open market at the free dollar rate. This means from the pocket of the shareholder to the pocket of the importer. The release of the Nima dollar exchange rate could help 20 to 30 percent growth in export-oriented companies and the stock market.
Regarding the 6-month reports, the expert said: “The publication of the 6-month reports will start at the end of October and it seems that the reports are good and a positive signal for the market. It becomes.
“If this happens, it can be said that the market can be ready to break the range of 1.5 million units and then the preacher index, which is 1.6 million units,” he said.
Regarding any negative signal for the market, the expert said: “Any positive signal regarding the negotiation in the short term can cause a downward trend in the market, but the agreement has a positive effect in the long term.”
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