KSE-100 Weekly: As indicated last week we witnessed technical correction in Market. However market bounced back on Wednesday, moreover market breakout its short term downward channel on weekly close. Last daily candle formed a perfect shooting star formation after a wide range bull candle, which is most likely give a cautious signal. 28700 is the important level for maintaining its current bull run. Hold your positions above indicated level (28700) fresh buying should be considered above 29400.
Posted on: Sat, 03 May 2014 08:24:42 +0000