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Monday, December 16, 2019
KSE 100 - Index Update 16 Dec
Index posted slight correction at the predicted intraday resistance of 41300-41500 +/-100 range and resumed uptrend. We expect next major resistance to be 42000 +/- 100 where dip for correction is expected providing opportunity to patient investor for accumulation once again. Cement, Pharma, Auto, Technology, Food and Refineries will remain in focus. OEP can come under pressure due to resistance in oil rally.
We look forward to further profitable sessions at PSX. Happy Trading!