The Shanghai Composite Index rose in volume and the Shenzhen Composite Index rose in volume.

The two cities rose at the same time, which is in line with the mainstream cognition, so the volume of energy can break out at the top, however...... The Shanghai Composite Index closed at the end of the 3820 area, and the 11th opened with a jump of more than a dozen points, but half an hour later it had risen below 3850, and the first resistance level appeared.

If it continues to rise or stabilize, the golden cross will be there, and the index will also have a chance to break through 3900 and hit 4000 points.

If there is a U-turn pullback, the short-day moving average will be adjusted, and the crossover line will be pressed down, which means that the data is under too much pressure and there is a possibility of reversal.

Judging from the data, it is going to rise in the early stage, or ......

"Sell orders will also choose the area where they appear, and the higher the exit price, the better. Wanli Financial Research Institute, Wang Nuo is sitting in the office, and he is also keeping an eye on the index at all times.

Wang Nuo is sure that the Shanghai Composite Index will close the first quarter before 3850 to 3900 points, plus the other national team to reduce the position information, he actually drew a lot of possibilities in his mind, one of which is of course the most likely...... The high level is falling.

State-owned capital is also capital, and the "national team" also needs to look at profits when the situation allows.

Anyway, it's all about reducing positions, at 3800 points, or at 3900 points, or at 4000 points?

If the price is too low, not only will it not make any money, but it may also cause an excessive blow to the market.

The price is too high, and there is a lot to be earned, but it is possible that the market will lose its rationality, and it may also be that there is not enough energy.

Therefore, the reduction of large capital, especially the reduction of state-owned capital, does not mean that the higher the price, the better, nor when the price is too low, it needs a range.

3800 to 3900, 3900 to 4000, or even 3800 to 4000, it is possible, everything only depends on the feedback of the market, but also depends on the amount given by the superior, and it is more likely to adjust the plan and rhythm at any time.

Others look at the rise, and Wang Nuo looks at the volume.

In half an hour, the turnover of the Shanghai Stock Exchange has exceeded 50 billion yuan, but the trading volume is very normal.

If Wang Nuo is the person in charge, he will scatter the sell order in the upside space at this time, waiting for the emergence of an inflection point.

So...... The rise will continue, and the amount of energy will increase.

From the perspective of a normal analyst in the circle, it is very common to rise and then increase the volume.

A rise without quantity is not called a rise, because it means that there is no capital to enter the market in the rising range, that is to say, the willingness to recognize the price increase is not strong, which is an inflated rise.

Only when there is a volume of energy at the same time as the rise, it means that the increase is truly certified by the market, and there is the possibility of continuing to rise, otherwise, it will only be a wave of inflated rise, and then a "boom" fall.

At this moment, whether it is Wang Nuo or Lu Maoxin, they actually hope that there will be a quantum energy, and even Wang Nuo and Lu Maoxin know that there is a shadow of the national team in the quantitative energy, and what is even more outrageous is that they can also be sure that among these quantitative energy, the proportion of the national team will not be too large.

The reason is simple.

"The proportion is too large, which proves that the market cannot withstand this strength, and the likelihood of continuing to rise becomes low, unless the state-owned capital stops, and then the market recovers." Wang Nuo thought to himself.

"In the final analysis, national teams such as SASAC and Huijin are also among the market participants, but their attributes are relatively special, so they cannot let themselves be the cause of the collapse. Lu Maoxin sat in the office, and his brain was no slower than Wang Nuo.

"Now, I want it to happen in moderation. Wang Nuo continued to analyze.

"Only the right amount will keep the market from collapsing and going down after discovering that the selling thickness has increased, and it is difficult to sell and let investors maintain confidence after discovering that the selling thickness has increased. Lu Maoxin frowned.

"But the market has this foundation, the voice of marketization has come out, and the economic data are also stable and improving. Wang Nuo is very sure about this.

"Is it an ordinary institution's selling, or can the national team get the corresponding space? The market wants to give appropriate feedback, is it difficult?" Lu Maoxin gained some confidence again.

The most troublesome thing about the national team's participation in the financial market is that they can't mess around.

Selling high and buying low is something that only ordinary financial institutions can do for profit, and state-owned capital has only one task: to do what the state wants to do.

Sometimes, the financial market is sluggish, knowing that it will lose money, and state-owned capital will also enter the market to protect the market, and sometimes knowing that it will make money, state-owned capital cannot come in to fan the flames, and they must be stable.

Therefore, Wang Nuo's analysis of the national team to reduce positions, in fact, to give face to the market, if there is no appropriate amount of energy and index, the national team cannot become the main provider of selling, not to mention, the so-called main sellers, put on the national team, the proportion also needs to be controlled, they can not sell indefinitely.

"It depends on the information update after today's settlement. Wang Nuo thought.

"I can only see the information updated after today's settlement. Lu Maoxin also thought of this.

There is a place in the national team where the onlookers shout 666, that is, they don't hide information, and they do everything almost above board.

I reduced my position today, so after today's settlement, as soon as the information is updated at 8 o'clock in the evening, my information will be clear at a glance, and anyone can see it, which represents the adjustment direction of the state-owned capital to the market and the practice of the day, which also represents the operation of the largest bookmaker.

In this regard, domestic financial investors are much happier than foreign investors, because the largest domestic market makers do not announce their positions once a quarter, but can deduce from some public information almost every day, and everyone knows these signals in real time.

"If you start to reduce your holdings at this time, the situation will be interesting. Wang Nuo is looking forward to it.

"Even today's reduction is not necessarily going to last. Lu Maoxin read something from the signal that was released excessively.

People in the industry who are sensitive to data and it have begun to sniff out some signals, of course, the people who know about Wang Nuo and Lu Maoxin are only a part, and everyone will not think that the winner will be determined in one day.

State-owned capital or something, it is changing all the time, and their plans are the most cumbersome, but ...... Today's reduction has added the first brick to Wang Nuo's research report, and if it is an increase in holdings today, Lu Maoxin can directly announce that he has won.

In the evening, at 8 o'clock, all the data after the settlement came out, and the professional institutions immediately gave the data...... Reduction!

No matter which member of the national team is a member of the national team, they have more or less reduced their holdings of some stocks, which is normal, because it echoes the voice of the marketization a few days ago, but ...... Is this a signal, and how long will the reduction last?

The market can still bear it now, and even say that the market still dares to rise under pressure, if it continues...... Who knows what the expected adjustment ratio of the capital structure will be?

The answer still needs to be given by the market through time, but for Wang Nuo, it is a seemingly inconsequential first game.