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Sunday, November 24, 2019

KSE 100 - Looking Forward Week 48

Roll over week falls between between 25 Nov - 29 Nov and traditionally market remains see-saw during this period. We expect market to post a weak intraday resistance at 38200 +/- 100 points and channel top at 38900 +/- 100 points after the end of roll over week. Closing above channel top will give another wave of bull rally. Trading usually remains dull in the last month of the year and market could remain range bound. We do not expect any major bullish outbreak during Dec'19 due to holiday season in Europe and Americas. Which will keep foreign buyer activity depressed.

Wish you a very happy and profitable trading week ahead! 


  1. The technical analysis is based entirely on the price trend of the asset. It is just a pattern recognition on a chart used to predict future trends. Whatmobile