It is becoming routine in our country, we always move forward after having massive damages, as we do snap checking after the deadly attacks, so here I guess the regulators waiting for any big losses where they can see the foreclosures of associate industry – well that will be the time for burial not to rescue.
Unfortunately no one from the present administration got the ability to understand the outcome of the current happening, they also do not realize their targets which is obviously the revenue generation – so is that possible to generate healthy volumes by fearing investors?
No sir – so please be focused on absolute targets, do not forget the promises made to IMF and other institutions, the current strategy will severely damage the country’s creditability
Future Outlook:
Market is smoothly following the sliding trend line right from the beginning of new fiscal year the bandwidth is squeezing everyday, not giving enough room to trade, the shrinking volume expanding spread, which is an another reason for keeping intraday traders aside.
Before July 1st I called this scenario is a Rebirth of Karachi Stock Exchange, I am still optimistic on my view, it is required to understand the whole picture with having long term vision for market.
Sooner or later we will see people will accept the reality as they did before many times, luckily the nation has the weaker short term memory, they never asked about what happened in 2005, they never even think now why the market freeze, and who get benefited out of it. If you just calculate and analyze, whenever the rifts and tussles observed the losers are always the small investors and traders.
So it is required to accept the realities and get back to work under the designed parameters, this is our destiny, never ever handover your future into others hand, as we did earlier.
Market has no choice, the ultimate trend is positive, the current depressions are nothing only to stretch your patience, and the winner will be the one who got the ability to stay under current scenario, so please focus on your target buying with strategic decisions to secure your investments.
And look at the above given intraday chart, as the precise level still working in lack luster market
That’s why we recommend TRADING ON LEVELS
Key Levels
9757
9,720 - 9,703
9,678 – 9,662
9,626
9,596 - 9,589
9,555
9,512 – 9,475
9,555
Source: NCCPL
Foreign Investors Activities
5th July, 2010
NetBuy USD $ 198,170
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.
