According to Khabaronline news agency, the stock market was accompanied by significant growth of the main indices during the morning trading today, Tuesday, November 19, 1405. Examining the latest trading data shows that the total index of the stock market increased by 208 thousand 536 units and reached the level of 8 million 346 thousand 499 units. The total equal weight index also increased by 52 thousand 229 units and reached 2 million 334 thousand 573 units.
The simultaneous growth of the total and equal-weight index shows that the positive movements of the market are not limited only to large and index-making symbols, and some of the stocks of small and medium-sized companies have also faced an increase in demand.
In the cash market of the stock exchange, until 10:01 a.m., 277 thousand 581 transactions were made and the value of transactions reached 149 thousand 349 billion Rials. The volume of transactions was also reported as 22 billion and 305 million units. The total value of the stock market at this point was 241,760,000 billion Rials.
On the other side of the capital market, OTC also experienced positive transactions. Total over-the-counter index reached the level of 30 thousand 388 points with an increase of 1,574 points. The market value of the first and second over-the-counter markets was 39,312,000 billion Rials and the base market value was 8,636,000 billion Rials.
Also, the number of over-the-counter transactions reached 259,609, and the value of transactions in this market was 114,208 billion Rials. The volume of transactions was also reported as 8 billion and 374 million units.
Today’s stock market forecast from a technical point of view; Where is the next resistance of the total index?
From a technical point of view, the growth of more than 208,000 units of the total index and reaching the range of 8,346,000 units indicates the strengthening of the upward movement in morning trading. However, the sustainability of this trend depends on the ability of the index to maintain the current levels and pass the upcoming resistances.
In the bullish scenario, the range of 8,400,000 units is the first important resistance for the total index. If this level is crossed and stabilized above it, the range of 8,500,000 units can be the next target of the market.
On the other hand, if the supply pressure increases and the index fails to stay within the current range, the level of 8.300 thousand units becomes important as a close support. The loss of this range can also lead the index to the next support in the range of 8,200,000 units.
On the other hand, the growth of the equal weight index is also important in evaluating the market situation. The combination of this index with the total index can be a sign of the relative extent of demand in the market. However, in order to evaluate the validity of the rising wave, the status of entry and exit of real money, the value of trades and the number of positive and negative symbols at the end of trades should also be checked.
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