BIST 100 Under Political and Economic Pressure: Key Levels to Watch
borsa istanbul
The BIST 100 Index is set to open with selling pressure today, influenced by political developments, including the cancellation of IBB President Ekrem İmamoğlu's diploma and the ongoing operation within the municipality. Analysts indicate that these factors, combined with broader market dynamics, could contribute to heightened volatility.
Technical Outlook & Key Levels
- Current Level: 10,802 (-0.50%)
- Support Levels: 10,750 - 10,650 - 10,600 (A break below 10,500 could trigger further downside.)
- Resistance Levels: 10,900 - 10,950 - 11,100 (Reaction purchases may push towards 10,990.)
Market Strategy & Risk Assessment
- Gedik Investment: Expect a seller-dominated session, with critical support at 10,500. A break below this level could lead to a further decline toward 10,250.
- Tacirler Investment: Recommends a cautious approach due to high volatility, suggesting limited intraday trades and avoiding leverage.
- Yapı Kredi Investment: Highlights 10,750 as a key support, with potential for sideways movement if maintained.
Global and Economic Factors
- No increase in Turkey's 5-year CDS premiums (256 bps), suggesting stable risk perception for TL assets.
- Fed Interest Rate Decision & European CPI Data: Global markets await key economic indicators that could impact overall sentiment.
With a weak opening expected, market participants should closely monitor technical thresholds and political developments to gauge the direction of the BIST 100 Index.
