KSE-100: Bullish – Bhangras of Bulls recorded
Secure traders advised profit taking around 9,350. Good to buy between 9,240 and 9,280 make your stop loss of 25 points below the buying range. Currently market targeting 9,640. Market welcomed inflow of 4,455,955 US dollars today and mutual funds were so vibrant scored positively 6,259,923 US dollars alone for market. Multiple developments make comfortable takeoff.
Breaking and closing below 9150 will be the indication for exit and 9,080 will be the exit for delivery holders.
For new readers some of my last day forecast:
I can see some fresh and vibrant buying and developing bullish sentiments from here, it is time for everybody to reschedule their portfolios targeting the Feb-Mar, 2010, as most of the scrip are trading on discounted rate with desire to go up, and some sectors are about to perform good in their last quarter.
Market is in Early Bullish mode, Volatility will exist until the market achieves its minimum required volumes; I recommend all of my traders/investors to hold their positions. The ultimate hopes are still bullish; market will give a chance to the target buyers for high returns.
Recommendations:
Please follow the scrip analysis under the light of above commentary on KSE-100 Index.
Call for more detail 0213-432 2359 or 0345-276 8680 email: safelyinvest@gmail.com
Key Levels for KSE-100
9,641
9,542
9,496
9,422
9,350
9,272
9,198
9,151
9,079
9,020
8,942
8,838
8,740
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret 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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment