Karachi Stock Exchange for 8th October, 2009

Morning Briefing for Thursday 8th October, 2009

Exciting and Surprising Bullish Ride

Bulls...Bulls...Bulls...Bulls...Bulls...Bulls



WOW this is really a big time extravaganza for the market, I wasn’t able to forecast this many bulls in the market. Well now we got no chance for thinking about Bear power. But guys I still want my traders to watch out for dips and stay with your intraday entries, Market is now getting stable for the future. USD 7,375,013 inductions in FIPI will be an added advantage for the bulls. I don’t think market will trade over 10,000 this week.



Key Levels

9992

9855

9700-9725

9645

9600

9553

9497



OGDC - Bullish

Trading over 114.40 might take market to 117

117.30

114.40

113.30

112.05

110.65

108.10 Last Resort



LUCK - Bullish – currently no upper limit available

JSCL Currently Bearish - Buying with stop loss 39.25



42

41

40.10

39.45

38.50

37.50

36.30



PAKRI – Currently Bearish – Buy with stop loss 34.9

36.99

36.15

35.55

35.15

34.40



UBL- Bullish

61.95

60.90

59.85

59.15

58.75

58.05



NBP - Not established

If traded over 87.80 then real bullish, offload at 87.55 and buy back over 88

89.75

87.80 Strong resistance

86.30

85.65

84.42



AHSL Not established – Hold if traded well enough over 44.10, more chances of going down from this level

44.35 Strong resistance

43.71

42.75

42.15



AICL

121

117.95

115.10

112.80



BAFL – Bullish-Buy with the stop loss 13.92 – Closing over 14.16 will strengthen the bulls

14.85

14.25

14.00

13.79

13.59

13.39

13.28



I appreciate my traders if they call before actually getting into the buy, because I want them to be very careful. And celebrate their profit taking for now

For further analysis for any KSE scrip

Please Call

0345-276 8680

Or 021-432 2359

We recommend the entry and stop loss for daily traders

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.