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Sunday, July 4, 2021

KSE 100 Week 26-2021 Closing Notes

A perfect honoring of 47000 +/- 300 was observed which was previous resistance acting as support. 48200 +/- 100 remains pivotal resistance to be re-tested for the second time. The overall strategy remains swing trade with buy on the dip. All levels are marked on the chart below, for better understanding read the previous updates. 

Although the average weekly capitalization once again closed at a loss, the trend is sustaining itself above the benchmark barely by a thread. This keeps the situation hopeful with some common-sense measures. [Edit] In the money market there is PIB auction on 7-Jul.