Although large bearish players actively attacked yesterday (7th), pushing the Hang Seng Index down to 24071, no forced liquidation was observed within the heavily concentrated bull warrant zone of 23800-23899. Today (8th), with northbound funds returning, assuming mainland capital aims to boost Hong Kong stocks upon entry, we should carefully observe whether forced liquidation finally occurs; if it does not occur, it indicates that market support at lower levels has strengthened. The heavily concentrated Hang Seng Index bull warrant zone remains at 23800-23899, comprising 25 bull warrants; if the Hang Seng Index is pushed down to 23800 by large bearish players, a total of 25 bull warrants will be mandatorily called, generating a selling impact equivalent to 1309 Hang Seng Index futures short positions. On the other hand, the heavily concentrated Hang Seng Index bear warrant zone is currently at 24500-24599, comprising 27 bear warrants; if the Hang Seng Index is pushed up to 24599 by large bullish players, a total of 46 bear warrants will be mandatorily called, generating a buying power equivalent to 895 Hang Seng Index futures long positions. 'Chief Consultant, Economic Information & Trading Information, Leung Yip Ho' (Website: www.BennyLeung.com)
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