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Thursday, November 21, 2019

Crash landing at KSE 100 - Index Update 21 Nov

KSE-100 behaved inline with our predictions posted earlier and took a steep dive of correction to close at -936 points. We expect this corrective trend to continue until first half of Friday, 22 Nov and second half is expected to be indecisive or moderately bullish. Key support level now falls in the range of 36800 - 36300 +/- 100 points. 

First support of 37200 +/- 100 points as predicted on 17 Nov was hit today. 

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