Market report ahead of the April 17th session: VN-Index approaches resistance zone of 1,825-1,835 points.

Overnight highlight

The previous session closed on a positive note for both major indices, with the VNINDEX rising to 1,819.8 points, or +1.1% . Liquidity remained high with a trading volume of 819.4 million units, indicating that capital is still present as the market approaches its short-term peak.

The performance of the remaining indices was more mixed. The HNXINDEX rose 1.5% to 256.5 points, while the UPCOMINDEX fell 0.5% to 128.2 points. This picture suggests that capital flows are shifting between different groups of stocks rather than expanding evenly across the entire market.

The most notable overnight news was that foreign investors continued to net sell over 1 trillion VND , focusing on FPT and VHM . Conversely, VIC saw some net buying, which helped improve sentiment towards the VIC , VHM , and VRE groups.

Technical level

Technically, the VNINDEX is trading around the 1,820 point mark and entering a crucial supply testing area. The nearest support zone is identified at 1,800-1,805 points, while short-term resistance lies at 1,825-1,835 points.

If the index holds above the support zone and decisively breaks through the aforementioned resistance zone, the upward momentum could extend. Conversely, if fluctuations occur below the 1,825-1,835 point range, the market is likely to enter a short-term consolidation phase to absorb supply.

Notable industry groups

The stocks to watch in the morning session remain real estate, public investment/industrial parks, and some midcap stocks with positive technical signals. Stocks such as IDC , DHC , PVI , MSH , SJD , and VBC are maintaining a fairly good trend, reflecting the support of capital flows at tight price levels.

Amidst continued strong net selling by foreign investors in large-cap stocks, domestic capital may continue to favor stocks with stable accumulation bases and high overall scores. This group is likely to attract attention if the market breaks through short-term resistance levels.

Today's session scenario

The base scenario for the April 17th session is a mixed opening, followed by a test of supply at the VNINDEX resistance zone of 1,825-1,835 points. If buying pressure remains strong, the index could continue to cling to the higher levels; if profit-taking pressure increases, the market will retreat to test the support zone of 1,800-1,805 points.

The main risks in the session stem from net selling pressure from foreign investors and the possibility of early profit-taking in stocks that have risen sharply earlier. Conversely, psychological support from the VIC , VHM , and VRE groups, along with the presence of midcap stocks with good technical signals, could help the market maintain a positive state in the morning.