I hope you guys remember my given range of the market for this week, I don’t see market going above the range. Last but not the least the buyers seems exhausted and seller are ready to take control of the market, though we did not experience any big selling by foreign portfolio, but I expect some selling before the closing of this week.
Grow your investment while doing your current job
Exhausted Bulls empowering Bears
Morning Buzz for Thursday May, 28th, 2009
Recommendations: “Do not Panic”
With the Bearish trend you may experience some bullish blue chips. So plan your trading strategies according to the script analysis.
Dehan for 28th May, 2009 Thursday
ATRL Bearish
BAFL Bearish
BOP Wait Bullish if traded above 12.2
ENGRO Bearish 140.55 resistance
LUCK Wait Buy on weakness
MCB Bearish
NBP Bearish need to be confirmed tomorrow
OGDC Bullish But No further buy recommend take profit on high
POL Bearish possibilities below 156.5 – Closing above 158.5 will resume the bullish possibilities
AICL Bearish
New Key Levels
Support
7175
7110
7002
6967
6852
6792
Resistance
7235
7273-7296
7440
7591
Disclaimer:This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Wakeup Call for early birds – Thursday May, 28th, 2009
Stocks Trading In PakistanCreated: Thursday, 28 May 2009 00:46
Dear Traders,
Low volatility is about to blast, be careful folks:
As per my earlier forecast I was bullish but not strong enough, so the time comes to fasten our seat belts for roller coaster. Market is about to decide its direction, though I am more looking at Bearish trend in last 2 days of the week but I am still not convinced for short.
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Stocks Trading In Pakistan
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