Thursday, July 12, 2018

12 7 2018 BIST 30 Position Increased

Turkish Stock Market has been heavily sold due to political situation in Turkey.

Monthly interest account #1 is closed and bought 5.312,51 TL worth of BIST30.  Market is at a major support level. First target is 123.000-125.000.


USD/TL will be kept at these levels for the mid term due to uncertainty. Next target would be around 5,45.Position will be added around 4,5-4,55.



EUR/TRY  will be kept at these levels for the mid term due to uncertainty. Next target would be around 6,35. Position will be increased around: 5,20-5,25.

 Initial Target :LONG TERM hold /  Position will be increased around: 170-175





To summarize: Fund return in TL is now over Interest return, BIST 30, EUR/TRY and USD/TRY returns since inception (15.09.2015). Only GOLD/TRY return is better than fund  return at the moment.



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