Dancing Bulls in Karachi Stock Exchange - Thank You PM and CJ for letting Nation concentrate on their job

Morning Call for Thursday, 18th Feb, 2010

Khalid Saifuddin
Safely Invest

Dancing Bulls in Karachi Stock Exchange
Thank You PM and CJ for letting Nation concentrate on their job

Daring efforts resulted in a comfortable journey of Bulls, from the beginning of the day aggravated bulls noticed in Karachi stock exchange. Above 9,900 profit taking witnesses which was later supported from 9,865.
Meeting of PM and CJ credited for the bullish move; the striving efforts were indicated in last couple of calls and at last the meeting enable the breakout.
The corporate announcements are still not bad, taking index to test the 10,000 very soon.
Market may show some early resistance around 9,880, later on the journey goes on by honoring the levels.
Do not lose the opportunity of buying in any dip, buying by following the level can be a profitable strategy.

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