VTB 24 (JSC): We expect rebound upward. Support ryku level of 1100 points in favor of the MICEX Index

Yesterday's drop in Russian stock market, despite its magnitude should not cause panic among investors. We just played back the growth of a single trading session - Monday, and closed at the same time formed gepy. MICEX index adjusted to 1200 points to 1100 points, which is now to find support. Given the quite bearable closing auction in New York (S & P down to the previous maximum) and the neutral dynamics in the Asian stock sites, we are counting on «rebound» market top. Then perhaps the formation of «outset» in the range of 1100-1200 points on the MICEX Index. Based on these expectations, we encourage speculative buying of shares that Gazprom or Rosneft. For the medium-term investors a signal to act will only output down from above the range for the MICEX Index