Market review:

7.3 At the close, the Shanghai and Shenzhen 300 Index IF 1507 reported 393 1.8 points, a decrease of 3.24%; The Shanghai and Shenzhen 300 reported 3885.92 points, down 5.4 1%. The SSE 50 Index IH 1507 reported 2596.0 points, down 3.50%; SSE 50 reported 2582.27, down 4.86%. The CSI 500 Index IC 1507 reported 7404.8, down1.73%; The CSI 500 reported 7355.49, down 6. 12%. In terms of spot price difference, the main contracts of the three major futures indexes all changed from premium to premium. IF 1507 is 45.88 points, IH 1507 is 13.73 points, and IC 1507 is 49.3 1 minute.

Fundamental analysis:

Under the failure of government departments to "double down" and lower transfer fees's and brokers' own liquidation standards for two financial institutions, the CSRC released the rescue plan again on the weekend of 7.4-7.5:

1.28 The company that has passed the IPO has suspended the subsequent issuance, and the subscription funds that have started the subscription procedure have been returned. 2.2 1 The securities company contributed 20 15% of the net assets at the end of June 5, with a total of not less than12 billion yuan for investment in blue-chip ETFs. 3. The Shanghai Composite Index is below 4500 points. On the basis of the balance of 2065,438+July 3, 2005, securities companies choose to increase their holdings instead of reducing their holdings in the self-operated stock market. 4. Listed securities companies will actively promote share repurchase and promote the company's major shareholders to increase their shares. 5. In accordance with the Measures for the Administration of Margin Trading of Securities Companies issued by the CSRC and other relevant regulations, improve the countercyclical adjustment mechanism, timely adjust the margin ratio, discount rate of guaranteed securities, margin trading scale and other related indicators, and handle customer default as smoothly as possible under the premise of controllable risks. 6. central huijin announced that it had recently purchased index ETFs in the secondary market and continued to maintain relevant operations. In terms of positions, the top 20 main seats IF 1507 have more than 26,355 positions, short positions 3 1440 and net positions-13968, which have decreased.

Technical analysis:

On the weekend of 7.4-7.5, there was a good combination boxing, and the authorities were eager to save the market. It also shows the current attitude of the government to a certain extent, and does not want the index to fall too fast to trigger financial systemic risks. 7.6 if 1507 is expected to have a short-term retaliatory rebound at the opening, and the possibility of hitting the daily limit on that day is not ruled out. Under the premise of favorable policies, we should give priority to cautious trading, and we should not take positions lightly. It is suggested that it is appropriate to intervene in homeopathic orders from a technical point of view.

Upper resistance: 42 10, 43 10 and lower support: 3820, 37 10.

Personal views are for reference only and do not constitute a basis for trading.