Breaking News Karachi Stock Exchange: Traders are out of Depression

Breaking News Karachi Stock Exchange: Traders are out of Depression

Current Market KSE-100
Index Change 141
Currrent Market 9,827
Market High 9,835
Market Low 9,686

WOW! the traders are out of depression created by Client level margin system. Market will get some strength if closed above 9740. Market tested the resistance around 9843, breaking this level with the buying pressure will motivate the buyers to add positions to their portfolio. We got some positive development for country and country’s economy; I hope you already got that through our regular news bulletin.
Do not get into buy right now wait for the market to break the current level of 9843
I am still optimistic about the market, but remember we are still in the phase of correction; eventually the market will hit the goal.

Key Levels
10,033
9,843
9,798
9,700-9,725
9,667
9,648

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Disclaimer: This commentary or key levels are 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.