Dhian for Thursday November 5th, 2009
Khalid Saifuddin
SafelyInvest
KSE-100 - Market is out of depression right now
Foreign Buying of USD 4,433,853 makes mutual funds buy for USD 3,067,062.
Intraday with same day profit taking suggested. I wish we do not see any more explosions inshallah.
• Bulls will get crazy after breaking 9265.
• Closing below 9100 may get some bears back in ring.
Profit taking recommended around 9370. You might get your positions back in cheaper price.
Last resort for the market 8,925 (if closed below)
Key Levels
9,383
9,265
9,238
9,192
9,142
9,035
8,975
8,925
For further analysis for any KSE scrip
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We recommend the entry and stop loss for daily traders
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.
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