Even if the power over the majority of quotations zapoluchat bears, action Sberbank and Norilsk Nickel may go counter to the general market movement

Written by admin on September 23rd, 2009

Bright on Russia's stock arena today as the shares of the banking sector and the paper metals companies. But they managed to hold most of the day on the side of bulls and totally get the attention of speculators.

In general, the market breathes again approached the local downward correction quotes. Exchange crowd of angry and wondering where the action taken force for growth.

But, strangely enough, we would like to warn the active players on the securities of speculation leading growth. Here the principle that quickly rises, then falls rapidly, and can not work. We believe that the action Sberbank has long been a major player drives and the paper MMC Norilsk Nickel has always been self-willed character.

Even if the power over the majority of quotations zapoluchat Bears, the shares of these issuers may go counter to the general market movement, and reach for a younger brother. Papers of Savings Bank, as it so often the case, set an example VTB shares, while shares of MMC Norilsk Nickel, the paper will encourage small steel companies.

Thus, while equities Savings Bank above the support provided to 55 rubles (trend line from July 13, 2009), bear with them is better not to get involved. Even if they made the sign of resistance 63,2 rubles (line correction on the Fibonacci 50% to the fall of quotations from July 2007 to March 2009).

On the Metallurgiya, we think, better to forget, until the paper MMC Norilsk Nickel has not determined the direction of motion. The graph of Norilsk Nickel, the closest level of support for 3830/3825 rubles (pierced today, the rising channel resistance line on July 29, 2009), the nearest resistance level 4300/4350 rubles (resistance line of the rising channel from July 13, 2009, the projection of short-term upward channel specified above and the line correction on the Fibonacci 50% to the fall of quotations from November 2007 to January 2009).

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