Technically not many changes happen the same levels will work as resistances and support; the declining volumes are enough to interpret the insight of the market.
For daily traders its good time to attain short term gain on quick rides, placing stop losses with small lot sizes will be the profitable strategy in the current scenario.
Medium term investor must wait until the aftermath of budget get the conclusive understanding.
Long term vision of Karachi Stock Exchange still stands positive.
The volatile movement of the market will remain until the budget gets approved from assembly; it is recommended to sort the scrip for your fresh portfolio.
My sincere advice for investors to please focus on future vision rather focusing on short term possibilities, the current index movement can only benefit the intraday traders.
That’s why we recommend TRADING ON LEVELS
Key Levels
9,504
9,443
9,377 – 9,359
9,270
9,189
9,155 - 9,149
9,111
9,045
8,986
8,862
Source: NCCPL
Foreign Investors Activities
June, 2010
Net USD $
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.
