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Tuesday, November 12, 2019

KSE100 Index Update - NOV 12

KSE100 : closed on a choppy session inline with expectations however volume and value of KSE100 increased marginally which shows renewed investor interest to keep buying on dip. Intraday resistance of 36900 +/-100 points was very well honored showing continued trend of accumulation of dip.  

Moving forward, we expect he market to remain strong but due to high degree of saturation there is equal chance of market going either side. Support is expected in the range range of 36700 - 36300 +/- 100 Points while breaking above 37100 +/- 100 points will trigger a fresh rally. 

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