Dhian for Wednesday November 4th, 2009
KSE-100 - Market still under selling pressure
Foreign Buying of USD 1,014,743 still not able to convince bulls for buying. Well at least the mutual fund stop selling, that may give little energy to the local buyers today.
I wish we do not see any more explosions. I tell you guys do not worry about the NRO,
• To get out completely from ongoing depression it is required for market to break the 9142.
• Bulls will be having energy after breaking 9015
• Closing below 8925 will be disaster for this week
• Minimum weekly closing above 9265 for bull hopes
Key Levels
9,238
9,192
9,142
9,035
8,975
8,925
8,855
8,765
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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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