Morning Call
For Tuesday, 19th January, 2010
Let bulls get some rest folks!
Folks I told you market will be range bound from here and possibly do some profit taking and it did. I am still stick to my last statement which is; Breaking 9,858 will bring some selling in market and 9,762 will be the lower limit for range bound activities.
Trading above 9,918 with volumes will allow buyers for re-entry. I don’t recommend too much excitement for buyers, be very specific in selection of scrip with given stop losses. Buying in negative index in strong and selective scrip with stop loss 9,858 can be a good entry
Minimum interest recorded from foreign and local institutions. The local traders were also preferred to be sideline.
I still see great potential for local traders by honoring the precise levels of the market. I still prefer some profit taking followed by the target buying of selective scrips.
Market still looks fabulous and energetic for the near future. Key advice is to reschedule your portfolios and gear up for March, 2010.
For further assistance, precise levels of KSE scrip and buy calls, please call our office @ 0213 432 2359 or 0345-276 8680, email: safelyinvest@ gmail.com
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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.
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