Derivative securities assessment session 9/4: Continue the adjustment rhythm

It is expected that the VN30 Index will correct in the next session. However, this correction is only short-term to balance the market after the rapid increase and the general trend remains positive.

The 8/4 derivative stock market saw negative movements with the fall in the price of futures contracts (futures contracts).

Specifically, the VN30F2104 contract closed down 0.7% to 1,243.2 points. Moving in the same direction, two contracts VN30F2105 and VN30F2106 fell 0.74% and 0.58%, respectively, to 1,241.6 points and 1,240.8 points. Similarly, the VN30F2109 contract closed at 1,238.5 points, down 0.89%.

Liquidity on the derivative stock market on April 8. (Source: VDSC).

Regarding liquidity, trading volume VN30F2103 reached 125,107 contracts, VN30F2104 reached 300 contracts, VN30F2106 and VN30F2109 reached 77 contracts.

According to statistics, the total trading volume reached 125,561 contracts, equivalent to par value of 15,697 billion dong.

Although the support cash flow was quite stable during the three disputed sessions, the VN30 failed to extend its unsuccessful rally and showed signs of short of breath.

With the current signal, it is expected that the VN30 Index has a corrective move in the next session. However, this correction is only short-term to balance the market after the rapid increase and the general trend remains positive.

Forecast for derivative securities trading session 9/4.

Rong Viet Securities (VDSC)

VN30F2104 is expected to continue to be under resistance from 1,248 points and correct in the short term until there are specific signs of support. Therefore, investors can consider a Short position at 1,248 points, cut loss above 1,253 points and take profit in the area of 1,233 – 1,236 points.

Movement of VN30F2104 Council. (Source: VDSC).

Yuanta Securities Vietnam

VN30F2104 fell today but the price line is still moving in linear regression with the lower boundary around 1,242 points.

At the same time, the RSI indicator shows indecision signal and is approaching the oversold zone, meaning that the downside momentum will not be much and this contract will soon balance back from 1,142 points.

Negative basis spreads, this shows that a Buy (Long) position should be held when the VN30 rebounds in the next session.

Investors can consider opening a Long position at the area of 1,241 – 1,242 points, stop loss at 1,240 points with the target at 1,260 – 1,263 points.

BIDV Securities (BSC)

All the futures contracts are down, in agreement with the trend of the VN30 index. The contracts all increased in trading volume. Only VN30F2109 contract declined to open position. Investors can consider short sessions with the target price around 1,240 points for short-term contracts.

Investors should only consider comments of securities companies as a source of reference information. Securities companies all have recommendations to exempt the responsibility for the above comments.

Source: vietnambiz.vn – Translated by fintel.vn