Morning Call
for
Khalid Saifuddin
Safely Invest
Market begin with the hope for recovery and resulted in heavy selling pressure, earlier given levels honored accurately but the feared activities of the traders along with the low volumes helps bears gaining power.
Mutual funds and Local traders were still busy in selling, while the foreign investors still look confident on their buying.
As indicated earlier bulls are still not having hopes for gaining control, their hope begins over 9,632.
It will be awesome if market rebound from its current closing otherwise Breaking 9,385 will get support around 9,305; if the pressure continues like the way its going we may see 8,836 very soon.
Market is still under heavy influence of bears, corporate announcement will bring more volatility, and intraday traders must justify their stop loss as per the volatility.
In short do not unlock your seat belts as you know you are in a roller coaster ride.
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
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
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