Levels to Watch and Portfolio Strategy for Borsa Istanbul
Market expert Yücel Tonguç Erbaş emphasized that the 13,850-14,750 band should be monitored in Borsa Istanbul and recommended a defensive allocation.
Ahlatcı Holding Strategy Director Yücel Tonguç Erbaş explained the critical levels to monitor in Borsa Istanbul and advised a cautious and defensive portfolio strategy for investors.
Critical Index Levels and Expectations
It is stated that the 13,850 to 14,750 band in Borsa Istanbul should be closely monitored. Levels below fourteen thousand points are expressed as having critical importance.
Stating that the 14,150 level points to the 50-day moving average, Erbaş expressed that he does not expect the index to drop below the 14,000 and 13,850 levels.
Stock and Volatility Dynamics
Consolidation processes experienced in funds and index changes can lead to periodic fluctuations in certain stocks in the market.
It is observed that stocks included in the BIST 30 index, in particular, continue to have a decisive impact on the market.
Recommended Defensive Portfolio Allocation
It is recommended to prioritize a more cautious market approach until the US midterm elections to be held in November.
It is stated that fixed-income TRY assets at a rate of approximately 60 percent should be preferred in investment portfolios.
For the rest of the portfolios, it is recommended to maintain a weight of around 20 percent in precious metals and another 20 percent in stocks.