KSE-100: – Consistent Profit taking observed - Hold your positions
Do not loose Hopes - Sit tight for the targets
Once again with the grace of Almighty my selling call honored and I am happy for all those who followed my profit taking call on 9,350. and I am sure whoever is getting my scrip analysis are having fun tonight as most of the scrip exactly went down from the given level.
I am not saying market is Bearish from here, Market still got the inflow of USD 4,489,475 today basically it was a regular profit taking call and scrip goes down to their support where it is still good to buy. Do not panic here, but it is wise to off load most of your positions if you see market trading below 9,110 and closing below this level will wake up bears.
Intraday traders must follow the key levels for their trading, and the focus buyer look for their target buying they might get some of the scrip around their target price. Volatility will exist and possibility of shrinkage in volume: I recommend all of my traders/investors to hold their positions. The ultimate hopes are still bullish;
Recommendations:
Please follow the scrip analysis under the light of above commentary on KSE-100 Index
Key Levels
**9,491**
**9,422**
**9,385**
**9,334**
**9,249**
**9,204**
**9,178**
**9,110**
**9,064**
**8,991**
**8,946**
**8,879**
Follow the last day scrip analysis, key levels are same. Try off loading your positions, and buy back half of it when you see a dip