Karachi, June 07, 2023 (PPI-OT): KSE-100; Improving volumes - a positive sign

Bulls continued to dominate the session as KSE-100 index gained 256 points DoD to close at 41,923. Volumes stood at 241mn shares versus 145mn shares traded previously. The index is expected to revisit yesterday's high of 42,027 where a break above that will target 42,091, followed by 42,238. However, any downside will find support in the range of 41,770-41,900, where a fall below that will target the 30-DMA at the 41,505 level. The RSI and Stochastic Oscillator are on a rising trend, supporting a positive view. We recommend investors to view any downside as an opportunity to 'Buy', keeping stoploss below 41,751. The support and resistance are at 41,774 and 42,050 levels, respectively.

ATRL: Moving towards its recent high

Strategy: 'Buy on dips' - targeting Rs181.25 and Rs186.27; stoploss at Rs169.54.

HCAR: RSI generated a Buy signal

Strategy: 'Buy on dips' - targeting Rs98.04 and Rs101.46; stoploss at Rs93.31.