Morning Call
for
Khalid Saifuddin
Safely Invest
Bulls were still not able to cross the finish line
Opportunities are often the beginning of success
Daring efforts noticed from the beginning of the day, some profit taking also observed in the middle of the day to strengthen the trend, later on the journey continues.
Well bulls were still not able to cross the earlier mentioned resistance though then manage to get into the area once. Now its ideal for bulls to trade over 9,976 from the beginning and try closing over 10,010 with daring efforts.
Breaking 9880 will change the market sentiment and that will get support from 9,811.
Some scrip created panic in the market, but most of the companies perform well. And I hope everybody noticed banks are about to hit the target price.
I am still stick to my weekly recommendation, to be careful for holding too many position until market closed above the strongest resistance. Currently corporate announcements supporting the index, as we do not see much interest of investors in market.
Do not lose the opportunity of buying in any dip, buying by following the levels can be a profitable strategy. (Contact us for precise levels of KSE-100 and scrip)
Recommendations: The optimism continues; follow the targets given for March, 2010. Banking still looks comfortable.
For further assistance, precise key levels of any KSE Scrip you can contact our office @ 0213-432 2359 or 0345-276 8680 or write us @ safelyinvest@gmail.com
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