KSE-100 for Sept, 2009

Technical Forecast for KSE-100
For 2nd week of Sept, 2009

Hi Folks:

The past whole week was amazing for bulls and surprising for bears, or those who were expecting some correction. Market achieved 10% gain in just two weeks. Remember I pointed out last week that the bulls look more aggressive then ever. Friday market reached the highest level, and now market again in position to have some correction, but the continues foreign buying is making bulls crazy.
I will still call the foreign buying a major source for bullish sentiment, the continuation in foreign buying will build the confidence in local investors, well remember CFS is still in a pipeline and it may add some more points to the market.
To see the recommended sectors for buying please call our office.
I still recommend my investors/traders to do not get excited with the trend, avoid holding positions; keep watching the foreign interests and political development within and outside the country.
KEY Levels
9536
9210
9123
9027
8969
8937
8865
8781

For further analysis for any KSE scrip
Please Call
0345-276 8680
Or 021-432 2359
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Caution:
I don’t want my readers to get excited for any trend, make your mind and check your scrip position before getting into the market.
And remember good trader always follows the market, Market never follow your trade.
As per my understanding it is required to investigate and analyze the immense buying in our stocks, I do not see any big events happening in the market, the corporate announcements are not hitting any records. So stay tune with the news
No Excitement and No Panic



Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.