Search This Blog

Wednesday, November 27, 2019

KSE 100 - The Green Comeback - Update 27 Nov

Market maintained its see-saw trajectory which remains the hallmark of rollover period and honored its first support at 37700 +/- 100 points as predicted on 26 Nov. Impact of political noise appeared minimal. Today's dip once again presented an opportunity for short-sellers to exit their positions while investors accumulated on dip. 

Looking forward, we reinstate out expectations of 38500-38900 +/- 100 points as next resistance level and do nothing other than wait. 

No comments:

Post a Comment